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Rubric Financial

Tax

Cost Segregation

An engineering-based tax study that reclassifies portions of a real-estate purchase into shorter-lived asset classes for faster depreciation.

A standard real-estate purchase depreciates over 27.5 years (residential) or 39 years (commercial). A cost-segregation study identifies components (lighting, plumbing, parking lots, landscaping) that legally belong in 5-, 7-, or 15-year buckets — pulling depreciation forward dramatically.

Typical result on a $1M commercial property: $200K–$300K of depreciation accelerated into the first year, especially powerful when combined with bonus depreciation.

Cost typically $5K–$15K for a single property; ROI usually multiples of that through accelerated deductions.

Common pitfalls

  • Doing a DIY cost-seg without a qualified engineering study — the IRS expects documentation
  • Forgetting to file Form 3115 if you're applying cost-seg to a property you've already been depreciating
  • Triggering passive-activity-loss limitations that defer the benefit you were trying to accelerate

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