Power Up Your Depreciation Formula with Andrew Kiefer

We are super excited for interview #43 with The Morales Show.  Our guest is an experienced accountant with a wide range of accounting services including government audits, commercial audits, tax planning and preparation for corporations, partnerships, and individuals.  Our guest, Andre Kiefer will be sharing with us how you can best prepare and take advantage of tax depreciation for 2021.  Comment below if you have any questions about bookkeeping or depreciation accounting in general.  0:09 Introduction0:58 What is depreciation? And who benefits? 2:44 Who determines the depreciation period?4:06 Are there certain items that could depreciate sooner/today? 4:27 Immediate Expenses 4:40 Bonus depreciation explained6:10 Section 179 explained7:20 Using leverage for asset depreciation 8:50 Non-cash expense explained 11:42 Do you need to buy equipment for this year? 13:00 Depreciation from a Real Estate perspective? 13:42 What is eligible for depreciation? 14:00 How long is the depreciation for different real estate investments?17:19 Bonus depreciation for Real Estate 18:30 Cost segregation study explain 24:50 Is there a depreciation tax? (depreciation recapture) 27:00 1031 exchange with a real estate property31:30 What happens to the property after passing away? Connect with Andrew Keifer: Email: [email protected]: (805) 988-3222