Users follow a comprehensive survey and enter property-specific information about the rental property. The final report, which costs , can then be used as supporting documentation for a cost segregation analysis of the property. Cost segregation studies can save property owners up to thousands of dollars on their personal tax deductions.

Benefits

According to a study released by the National Association of Realtors, approximately 23% of homes bought in 2004 fell into the category of investment property, a 14% increase in this particular segment from the previous year. With the surge of new buyers entering the lucrative field of property investment, many are unaware of how to maximize their personal tax deductions.

Cost segregation studies, commonly used by experienced real estate investors, improve a structure's tax benefits by identifying, classifying and segregating building components with short-term depreciation. TaxSeg Express facilitates this process by producing a summarized report, based on information provided by the property owner, that can then be provided to a tax consultant as supporting documentation for a cost segregation study of the property.

     Benefits for Investment Property Owners

• Helps to defer up to thousands of dollars on personal tax deductions.
• Improves awareness about the rental home's various assets and how they affect the overall investment.

     Benefits for Tax Consultants

• Facilitates the entire process of a cost segregation analysis.
• Produces a summarized appraisal of the property's assets with detailed valuation estimates for each item.