COST SEG SMART
Cost Segregation Cheat Sheet

Cost Segregation in 2 Pages:
Everything You Need to Know

A quick reference for property owners and their CPAs. What cost segregation is, who it's for, and how much it saves.
Reclassify components. Accelerate deductions.

Standard depreciation spreads your deduction over 27.5 years (residential) or 39 years (commercial). A cost segregation study identifies building components — electrical, plumbing, finishes, landscaping, paving — that qualify for 5, 7, or 15-year recovery periods. With 100% bonus depreciation restored for 2025+, most of that reclassified amount is deductible in Year 1.

Estimated Year 1 Tax Savings · $500K Rental Property
$37,000 – $52,000
At 37% federal rate · 100% bonus depreciation (OBBBA, 2025+)
$500K property (after 20% land exclusion = $400K depreciable basis)
Property Type Reclassified % Year 1 Deduction Tax Savings
Single-Family Rental 18–25% $72K–$100K $27K–$37K
Short-Term Rental 25–35% $100K–$140K $37K–$52K
Multifamily 20–30% $80K–$120K $30K–$44K
Office 22–32% $88K–$128K $33K–$47K
Retail / Restaurant 22–35% $88K–$140K $33K–$52K
Industrial 15–28% $60K–$112K $22K–$41K
Based on $400K depreciable basis (20% land), 37% bracket, 100% bonus depreciation. Actual results vary by property age, quality, and location.
It's not a blind spot — it's a separate discipline
• Cost segregation requires a separate engineering-based analysis — it's not something CPAs produce in-house.
• It's almost always client-initiated. Your CPA works with the study once you order it — they file the depreciation on your return.
Ask your CPA: "Have you worked with a cost seg report before?" Most have — they just don't initiate it.
COST SEG SMART
Cost Segregation Cheat Sheet
100% restored under OBBBA (2025+)

OBBBA (July 2025) permanently restored 100% first-year bonus depreciation on reclassified 5/7/15-year property.

Year 2021–2022 2023 2024 2025+
Bonus Rate 100% 80% 60% 100%
Status Original TCJA Phase-down Phase-down Permanent (OBBBA)
For lookback studies, the bonus rate is based on the year the property was placed in service.
1. Order online (from $795) 2. Get 35+ pg report (<1 hr) 3. CPA files Form 4562 or 3115

Already own a rental property? Your CPA files Form 3115 to catch up on missed deductions in a single year — no amended returns needed.

Four things people get wrong about cost seg
Myth Verdict Reality
“Only for new construction” FALSE Works for any property, any age. Lookback via Form 3115.
“Too expensive for small properties” FALSE Studies from $795. Most owners see 10–60x ROI.
“High IRS audit risk” FALSE Follows IRS ATG methodology. No elevated audit risk.
“You need to amend prior returns” FALSE Form 3115 is a prospective change. No amended returns needed.
Quick ROI Estimate
Building Value × 25% × Tax Rate = Year 1 Savings
$500,000 × 25% × 37% =
~$46,250