Do I need to file the Cost Segregation Study with my tax return?
While you don’t need to file the Cost Segregation Study itself with your tax return, the results of the study can significantly impact the information you report on your tax return. The details uncovered in the Cost Segregation Study, such as reclassified asset categories and their respective depreciation schedules, should be accurately reflected in your tax filings. When we complete your cost segregation study, we will provide a report detailing the results of the study. You or your CPA would then use this information to update your depreciation schedules on your tax return.