Preload Spinner

A Tax Strategy to Know Before You Buy a Beach Home

BACK

A Tax Strategy to Know Before You Buy a Beach Home

Porch with a gulf view

Wanting to make a coastal home purchase work for your family? Steve Johnson of Orion Cost Segregation Solutions explains how this lesser-known tax-deferal strategy on a rental property could improve current tax liability and help with short-term cash flow.

Starting a conversation with a tax strategist now could help you decide if it’s a helpful option for you. Knowing the benefits of bonus depreciation may even spur you to coastal homeownership by year’s end. It starts by doing a cost segregation study to identify short-life assets that you could deduct now instead of later. Think appliances, lighting, or even planters on the porch.

“Basically, anything that shakes rattles, or rolls. Any item connected to the structure itself could qualify for bonus depreciation this year and help optimize your tax planning,” says Steve, who’s also a longtime property owner at Cinnamon Shore.

Want to learn more? Visit orioncostseg.com or call 512-789-5320.

Finding the Right Property!

Cinnamon Shore has move-in ready homes that can be furnished and part of the rental pool before year’s end, which could potentially allow you to take advantage of bonus depreciation as soon as this year.

Contact the Cinnamon Shore Realty team to see what’s available.


General educational information only. Not tax, legal, or investment advice. Cinnamon Shore Realty is not a tax advisory firm. Consult your own CPA and a qualified cost segregation professional before making any purchase or tax decision.