Asset Class Selection, IRS Tests for Depreciation, and Depreciation Benefits

Chris Pierce and Sean Graham from Maven Cost Segregation discuss how most real estate investors overlook the incredible tax benefits of niche asset classes like gas stations and car washes. Sean Graham, owner of Maven Cost Segregation, reveals how these properties unlock massive depreciation advantages, sometimes allowing for 100% bonus depreciation in Year 1. Imagine buying a gas station for $1.2 million with just a few hundred thousand in land, and being able to write off the entire property immediately. That’s the power of understanding IRS rules and proper classification. Sean Graham, CPA Maven Cost Segregation Tax Advisors Based in: Detroit Metropolitan Area Where to find them: https://www.linkedin.com/in/sean-graham-cpa/ mavencostseg.com Chris Pierce Account Executive of Maven Cost Segregation Tax Advisors Based in: Salida, Colorado Where to find them: https://www.linkedin.com/in/pierce-christopher/ Book your free demo today at bill.com/bestever and get a $100 Amazon gift card. Visit https://malabarhillcapital.com/ for more info. Podcast production done by⁠ ⁠Outlier Audio Learn more about your ad choices. Visit megaphone.fm/adchoices