Sample study

Sample cost segregation study: the full report, page by page.

This is what you receive when you order. Below are real pages from one sample cost segregation report, its allocation by MACRS class, and what to check in any study. Every sample is modeled by our engine on an illustrative property, not a client’s. Pick your property type and we’ll email you the full CPA-ready PDF for that type.

Browse sample studies by property type in our examples library →

What’s in a sample study

One sample, start to finish.

The short-term rental sample below (Nashville, TN, 81 pages) follows the same structure as every study we deliver:

  1. Component schedule. Every depreciable component, line by line, with its cost and asset class.
  2. MACRS classes. The basis split into 5-, 7-, 15-year property and the 27.5-year shell.
  3. Depreciation schedule. Year-by-year deductions, laid out for Form 4562.
  4. Methodology. Data sources, cost basis, land allocation, and the IRS Audit Techniques Guide elements.
  5. Form 3115 note. When the property was placed in service in an earlier year, how the missed depreciation is caught up.
Allocation in this sample ($448,500 depreciable basis)
MACRS classAmountShare
5-Year Personal Property$67,22515.0%
7-Year Personal Property$1,7470.4%
15-Year Land Improvements$39,3218.8%
27.5-Year Residential Shell$340,20775.9%

24.1% of basis reclassified into shorter lives in this illustrative sample. Your property’s result depends on its own components. Not a benchmark.

Read this sample section by section →
Short-term rental cost segregation report cover page example
The report itself. Page 1: the subject property, an illustration of the building type, and the headline result for this illustrative Nashville short-term rental. Every report carries a verification ID and revision number.
Short-term rental cost segregation report engineering analysis summary example
Engineering analysis summary. The summary a CPA reads first: purchase price, total depreciable basis, the accelerated reclassification total, and the estimated Year-1 deduction.
Short-term rental cost segregation report component allocation by asset class example
Allocation by asset class. How the basis splits across 5-, 7-, 15-, and 27.5-year property. For a furnished rental, the 5-year bucket (furniture, appliances, decor) leads.
Short-term rental cost segregation report MACRS depreciation schedule example
MACRS depreciation schedules. Year-by-year MACRS deduction tables with 100% bonus applied, formatted to drop straight onto Form 4562.
What you're looking at

Each sample below is a full Cost Seg Smart study modeled by our engine on an illustrative property, not a client’s. Pick your property type to see the full report — component breakdown, MACRS schedules, methodology — and the illustrative reclassification it produced. The IRS Audit Techniques Guide (Pub 5653) warns against template-based studies, so every defensible report is built from the specific property's components.

Sample studies by property type

Get the sample cost segregation study for your property type.

Figures below are transcribed from each downloadable sample and reconcile to the report. Illustrative — actual reclassification varies with the property. Not a benchmark.

Exploded illustration of a typical single-family rental

Residential

Single-family and short-term rentals, condos and townhomes, brownstones and ADUs.

8 samples
Short-Term Rental sample study
$449Kbasis
24.1%accelerated
~$115Kest. Year-1
Single-Family Rental sample study
$334Kbasis
19.5%accelerated
~$70Kest. Year-1
Condo sample study
$236Kbasis
11.2%accelerated
~$30Kest. Year-1
Luxury Short-Term Rental sample study
$1.5Mbasis
24.8%accelerated
~$403Kest. Year-1
Luxury Single-Family Rental sample study
$1.0Mbasis
14%accelerated
~$158Kest. Year-1
Townhome sample study
$407Kbasis
15.5%accelerated
~$70Kest. Year-1
Brownstone sample study
$879Kbasis
9.4%accelerated
~$98Kest. Year-1
ADU sample study
$198Kbasis
11.3%accelerated
~$26Kest. Year-1
Exploded illustration of a building under construction

Documented cost

Studies built from an actual cost ledger rather than a purchase price — a build you paid for line by line, or improvements to a property you already own.

2 samples
New Construction sample study
$925Kbasis
31.3%accelerated
~$139Kest. Year-1
Renovation / Improvement sample study
$300Kbasis
76.5%accelerated
~$231Kest. Year-1
Exploded illustration of a typical fourplex

Multifamily

Duplex through fourplex, and 5+ unit apartment buildings. Portfolio bundles available.

4 samples
Duplex sample study
$359Kbasis
16.5%accelerated
~$65Kest. Year-1
Triplex sample study
$490Kbasis
17.3%accelerated
~$93Kest. Year-1
Fourplex sample study
$544Kbasis
18.7%accelerated
~$110Kest. Year-1
Multifamily (5+ units) sample study
$1.1Mbasis
21.6%accelerated
~$252Kest. Year-1
Exploded illustration of a typical office building

Commercial

Office, retail, restaurant, industrial, medical. Site visits routine at $3M+ basis.

8 samples
Office sample study
$2.4Mbasis
20.5%accelerated
~$517Kest. Year-1
Medical Office sample study
$2.6Mbasis
27.8%accelerated
~$746Kest. Year-1
Retail sample study
$5.7Mbasis
31.7%accelerated
~$1.9Mest. Year-1
Restaurant sample study
$725Kbasis
45.8%accelerated
~$337Kest. Year-1
Industrial sample study
$5.8Mbasis
17.2%accelerated
~$1.1Mest. Year-1
Warehouse / Distribution sample study
$24.1Mbasis
10.7%accelerated
~$2.9Mest. Year-1
Mixed Use sample study
$3.7Mbasis
21.2%accelerated
~$834Kest. Year-1
Dental Office sample study
$1.3Mbasis
30.5%accelerated
~$404Kest. Year-1
Exploded illustration of a typical data centre

Specialty

Storage, dealerships, fuel, vet, fitness, day care, worship, data centres. Larger facilities by proposal.

12 samples
Data Center sample study
$26M colocation facility
Car Wash sample study
$3.2Mbasis
70.3%accelerated
~$2.3Mest. Year-1
Gas Station sample study
$2.2Mbasis
59.3%accelerated
~$1.3Mest. Year-1
Veterinary Clinic sample study
$2.0Mbasis
29.5%accelerated
~$617Kest. Year-1
Fitness Center / Gym sample study
$3.0Mbasis
23.1%accelerated
~$712Kest. Year-1
Auto Dealership sample study
$4.0Mbasis
36.1%accelerated
~$1.5Mest. Year-1
Self-Storage Facility sample study
$2.6Mbasis
14.4%accelerated
~$403Kest. Year-1
Funeral Home sample study
$2.4M funeral home + chapel
Child Day Care / Preschool sample study
$1.6M Dublin, OH purpose-built center
3 more specialty samples
Adult Day Care sample study
$1.4M Greensboro adult day health center
Church / House of Worship sample study
$2.2M Franklin, TN traditional sanctuary
Farm / Agricultural Property sample study
$1.85M Stanislaus County almond farm
Exploded illustration of a typical office building

CPA private-label

The same report, branded for your firm.

2 samples
CPA Private-Label SFR sample study
Branded for your firm
CPA Private-Label STR sample study
Branded for your firm
Inside the report

What an actual report looks like, page by page.

Pages from the warehouse sample. Every property type follows the same structure.

Warehouse cost segregation report cover page example
The report itself. Page 1: the subject property, an illustration of the building type, and the headline result for this illustrative distribution warehouse. Every report carries a verification ID and revision number.
Warehouse cost segregation report engineering analysis summary example
Engineering analysis summary. The summary a CPA reads first: purchase price, total depreciable basis, the accelerated reclassification total, and the estimated Year-1 deduction.
Warehouse cost segregation report component allocation by asset class example
Allocation by asset class. How the basis splits across 5-, 15-, and 39-year property. For a warehouse, the 15-year site-work bucket (truck courts, paving, yard lighting) carries about half of the accelerated total, alongside 5-year dock equipment.
Warehouse cost segregation report MACRS depreciation schedule example
MACRS depreciation schedules. Year-by-year MACRS deduction tables with 100% bonus applied, formatted to drop straight onto Form 4562.
Warehouse cost segregation report IRS ATG methodology example
IRS methodology, addressed. Each IRS Audit Techniques Guide (Pub 5653) quality element mapped to where the report addresses it, plus the allocation bridge from purchase price to MACRS classes.
Or get the analysis for your specific property

A one-page preliminary cost segregation analysis with your address, your Year-1 federal deduction, and 5-year schedule. Designed for investor and CPA review.

Get the preliminary analysis →
Sample study, in plain terms

What a sample cost segregation study actually contains

Every sample cost segregation study on this page is a full study modeled by our engine on an illustrative property, in the same CPA-ready format we deliver to paying clients. The picker is keyed by property type so the sample matches your asset's depreciation profile: STR, SFR, duplex, triplex, multifamily 5+, office, retail, or industrial. Each report walks through MACRS reclassification (5/7/15-year property), basis reconciliation, and Form 3115 §481(a) lookback math where applicable.

A sample is the finished deliverable, not a template. If you would rather compare dollar outcomes across purchase prices and property types, the cost segregation examples library lays out worked examples side by side.

Looking for something other than a sample study? A cost segregation calculator estimates your Year-1 number in about 60 seconds. A cost segregation Excel template gives your CPA a fixed-asset schedule format to work in (it is a worksheet, not a substitute for an engineered study). And if you want worked dollar examples by price and property type rather than full PDFs, see our cost segregation examples.

What's inside

Six sections, every report.

Each PDF follows the same engineered structure your CPA can sign off on without rework. The same structure ships at every price tier — see what's inside a cheap cost segregation study vs a traditional $5K firm's study. For the full audit-defensibility methodology behind these reports, see costsegaudit.com. See our audit-defense scope and 13 ATG quality elements for what's covered if a study is examined. For how engineering-report depth varies across the 27 firms tracked at costsegregationreviews.com, see the cross-provider methodology breakdown.

01

Executive Summary

Year-1 federal benefit, MACRS class allocation pie, basis reconciliation.

02

Component Library

Every depreciable component classified to 5/15/27.5/39 yr with §168(k) eligibility.

03

Depreciation Schedule

Year-by-year deduction tables for the full recovery period.

04

Land Valuation

County-assessor cross-check or statistical fallback, with reliability score.

05

Methodology

industry-standard 2026 construction cost basis, geo multipliers, and observation methodology.

06

QC + Quality Checks

QC gate result, quality checks, and Form 3115 readiness.

Checklist

What to look for in a sample cost segregation study.

Use this list on any provider’s sample, ours included. If a sample skips one of these, ask why before you order.

  • Property facts and the placed-in-service date, stated on the first pages
  • Land vs. building allocation with its source named, not just asserted
  • A component-level cost schedule, not a few lump-sum percentages
  • Each component assigned a MACRS recovery class (5 / 7 / 15 / 27.5 / 39-year) with its asset-class citation
  • A reconciliation that ties the classes back to the depreciable basis
  • Bonus-depreciation (§168(k)) assumptions stated explicitly
  • A year-by-year depreciation schedule your CPA can carry onto Form 4562
  • Form 3115 / §481(a) catch-up discussion when a lookback applies
  • A methodology section that names its cost data and observation sources
Templates

Looking for a cost segregation template instead?

A spreadsheet template can organize the inputs, but it can't produce the component-level cost support an examiner asks for — the engineering pricing behind each line is the study. If you want the DIY starting point anyway, we publish a free cost segregation Excel template; the sample reports on this page show what the finished, defensible version of that same schedule looks like.

How to read it

Page-by-page walkthrough: what's in a cost segregation report.

The report is a deposit-grade engineering document. Your CPA files from it; an IRS examiner reads from it. Here is what to look for in each section, what to verify, and why it matters.

What's in the Executive Summary?

One-page roadmap. The Year-1 federal benefit appears in bold at the top. Below it: a MACRS class allocation pie (5-year, 15-year, 27.5-year or 39-year), the total reclassified basis, and the basis reconciliation that ties every dollar of the purchase price to a depreciation class. Verify: the sum of allocated basis equals your purchase price minus land. Why it matters: this is the single page your CPA reads first; if the reconciliation does not foot, the rest of the report is unverifiable.

How does the Component Library read?

Every depreciable component on your property, line by line, with the MACRS asset class (5, 15, 27.5, or 39 yr), Rev. Proc. 87-56 class number, depreciable basis, and §168(k) bonus-eligibility flag. Personal property (cabinetry, appliances, floor coverings, fixtures) maps to 5-year. Land improvements (parking, landscaping, fencing, exterior lighting) map to 15-year. Verify: each component carries an asset class citation (e.g. "00.3 Land Improvements") and a basis. Why it matters: an IRS examiner audits at the line-item level. Missing citations or vague descriptions are the most common cause of disallowed reclassifications.

How do I verify the Depreciation Schedule?

Year-by-year deduction tables for each MACRS class across the full recovery period. With 100% bonus depreciation restored under federal law, the 5-year, 15-year, and 7-year buckets show their entire basis fully deducted in Year 1. The 27.5-year residential (or 39-year non-residential) bucket follows the standard MACRS half-year convention. Verify: Year-1 totals match the Executive Summary headline number. Cross-check against your CPA's Form 4562 line entries. Why it matters: this is what flows onto your tax return. Errors here directly affect the deduction the IRS sees.

How is land allocated in the Land Valuation section?

Land is not depreciable, so its allocation is the single most consequential number in the report. The Land Valuation section shows either a county-assessor cross-check (the assessor's land-to-improvement ratio applied to your purchase price) or a statistical fallback (construction-cost-database-based reconstruction cost) when the assessor data is unreliable. A reliability score is attached. Verify: the land percentage is documented and defensible, not just asserted. Why it matters: a study that allocates too little to land inflates the depreciable basis and creates audit risk under the IRS Cost Segregation Audit Techniques Guide (Pub 5653) §6.03.

What does the Methodology section actually say?

The Methodology pages document the engineering basis: industry-standard 2026 construction cost data with the relevant geographic multiplier, the observation method (satellite imagery, county assessor records, owner-supplied photos), and the Rev. Proc. 87-56 asset-class assignment rules applied. The IRS Audit Techniques Guide describes six approaches and calls the detailed engineering approach from actual cost records generally the most methodical and accurate; the IRS has set no required standard for which approach a study uses. Our base study is a component-level engineering cost estimate, reconciled to your depreciable basis. Verify: the methodology page names the data sources. Why it matters: this is what an IRS examiner reads to decide whether the study followed accepted practice.

What does the QC + Quality Checks page mean?

A quality-control gate runs before the report ships: basis reconciliation, MACRS-class sanity, §168(k) eligibility flags, land-allocation reliability, depreciation-schedule arithmetic, and more. Our quality checks confirm that the study follows the 13 principal elements of the IRS Audit Techniques Guide (Pub 5653). Form 3115 readiness is confirmed if the property was placed in service before the current tax year. Verify: the sign-off is dated and the QC pass timestamp matches the report build date. Why it matters: if examined, this is the cover page your CPA shows the IRS to demonstrate that the methodology was applied with engineering rigor.

Frequently asked

Sample reports, by question.

Are these real cost segregation reports or templates?

Neither. Each one is a full Cost Seg Smart study modeled by our engine on an illustrative property, not a client's, and each one says so on its face. The IRS Audit Techniques Guide (Publication 5653) explicitly warns against template-based or rule-of-thumb cost seg studies. Every defensible study has to be generated from the specific property's component data.

What's inside a 40+ page report?

Executive summary with Year-1 federal benefit and MACRS class allocation; full component library classified to 5/15/27.5/39-year recovery periods with §168(k) bonus eligibility flagged; year-by-year depreciation schedules formatted for Form 4562; land valuation cross-checked against county assessor data; methodology citing IRS Publication 5653 and Revenue Procedure 87-56; QC results from our quality-control gate; and Form 3115 readiness notes if a lookback is appropriate.

How long does a report take to generate?

Most studies are emailed back in 1–2 business days after you order. The engineering pipeline runs on industry-standard 2026 construction cost data and county assessor records. The analysis itself is automated, but the methodology mirrors what traditional firms produce manually over 4–6 weeks. It is delivered in a fraction of the time.

Which property types do you publish samples for?

All 13 underlying types plus 2 CPA private-label variants: short-term rental, single-family rental, condo, duplex, triplex, fourplex, multifamily 5+, office, medical office, retail, restaurant, industrial / warehouse, mixed-use, and CPA private-label SFR / STR. Pick the type that matches your property and we'll email you the matching sample report.

Why one report at a time instead of the whole library?

The sample for your property type is the one that's actually useful. Sending the full catalog meant most people read a generic STR report regardless of their property and walked away with the wrong mental model of what their study would look like. The picker matches you to the report that mirrors your situation.

Can I use a sample as a substitute for ordering my own study?

No. Each property's component allocation depends on its specific construction, age, finish level, FF&E, and land improvements. The samples illustrate what your study will look like — they're not portable to another property. A deduction based on a template or copied study can be disallowed at audit.

What's the difference between an example and a sample report?

On this site, a sample is the deliverable and an example is the math. The sample studies on this page are full reports modeled by our engine on illustrative properties: use them to judge what you will receive. The cost segregation examples library at /examples/ holds worked projections by property type and purchase price from the same engine, in a faster-to-skim format: use those to ballpark your own numbers. Browse cost segregation examples by property type

Who reviews my study?

Every paid report is quality-checked before delivery, and our team reviews any study that needs a closer look. On commercial studies of $3 million or more and on data-center studies, a credentialed engineering partner is engaged per engagement under a signed letter and named on the report cover when your CPA requires it.

What does audit support cover?

Lifetime audit support, included: written answers to your CPA's technical questions about our methodology, for the life of the study — no expiry. It does not include IRS representation. See the full audit-support scope.

What happens with Form 3115?

When a prior-year lookback applies, your report includes the §481(a) catch-up schedule and supporting workpapers, and your CPA prepares, signs, and files Form 3115 with your return. Preparing and signing the form itself is available as a separately engaged, separately priced add-on; filing it, and deciding whether a method change is appropriate, stays with your CPA either way.

Estimate

Want one for your property? Run your numbers.

Same engineered methodology as the sample reports. Punch in your purchase price to see what your Year-1 deduction looks like.

Estimated Year-1 tax savings · Click to order →
$37,780
on $102,109 of accelerated deductions (Year 1, beyond straight-line)
typical $27,609–$56,671
Want this in writing for your CPA? Get a 1-page analysis →
5-yr15-yr27.5/39-yr
Study cost
$895
ROI on study
42×
Delivery
1–2 business days
Order my study — $895
Your study includes more than the report.
  • Engineering-based, property-specific analysis
  • Direct coordination with your CPA
  • Free revisions for 12 months; corrections of our errors always free
  • Renovation analysis under $100,000 included
  • Lifetime written audit support
  • CPA-ready depreciation schedules and Excel fixed-asset file
Everything included in your study fee. Form 3115 preparation available separately.
Estimate based on industry-standard 2026 construction cost data and IRC §168(k). Your actual result varies with property age, condition, and basis allocation.
Email me this estimate as a PDF

Free one-page PDF with your Year-1 estimate, a 5-year depreciation chart, and a summary to share with your CPA. No account required.

Ready when you are

Your report ships in 1–2 business days.

From $495 · CPA-ready · free corrections, then a refund if your CPA still can't use it.