$2,407,081.37 in first year tax savings
Built at a cost of $7.7 million in 2020, this fitness center in Vineland, New Jersey would have generated a first-year depreciation value of $197,400. However, Engineered Tax Services successfully accelerated that depreciation to $2.6 million by conducting a cost segregation study. This saved investors $2,407,081 on first-year taxes.
