Episode #198: Cost Segregation 101 with Jeff Shilling

Cost segregation is a tax deferral strategy that can be extremely beneficial for investors when done correctly. Jeffrey Shilling is a Principal Partner at Pacific Cost Segregation, and he joins us today to explain what a cost segregation company is and what it does for its clients. In this episode, you’ll learn how The Tax Relief for American Families and Workers Act of 2024 affects cost segregation, how to find the right cost segregation company to work with, how to know when it’s time for a cost segregation report, and the important cost segregation rules and deadlines to be aware of. You’ll also discover why cost segregation is the ultimate tax deferral strategy before Jeff walks us through the correlation between a cost segregation and a 1031 exchange, plus so much more! For your comprehensive guide to cost segregation, be sure to tune in today! Key Points From This Episode:Jeff details his professional journey and the work that he currently does.  The duties of a cost segregation company. What we can learn from The Tax Relief for American Families and Workers Act of 2024. How to vet and find the right cost segregation agency for you. Understanding when it’s the right time to push for cost segregation. Whether the length of time that a property is held for influences cost segregation viability.Cost segregation deadlines to be aware of (not to fear).The ultimate tax deferral strategy and other need-to-know facts about cost segregation. Cost segregation and 1031s.Links Mentioned in Today’s Episode:Jeffrey Shilling on LinkedInPacific Cost Segregation American Society of Cost Segregation Professionals  The Tax Relief for American Families and Workers Act of 2024Asset Management Mastery Facebook GroupBreak of Day Capital Break of Day Capital InstagramBreak of Day Capital YouTubeGary Lipsky on LinkedInJoseph Fang on LinkedIn