$951,944.93 in first year tax savings
Purchased for $2.8 million in 2020, this Pascagoula, Mississippi pharmacy would have generated a straight-line value of $71,700 in first-year depreciation. By applying a cost segregation study, property investors were able to more accurately report real estate depreciation rates to the IRS. This accelerated first-year depreciation to $1.0 million and saved them $951,944 on taxes.
