MACRS – Modified Accelerated Cost Recovery System is a recovery systems that uses 3, 5, 7, & 10 year recovery periods for business equipment, 15 year recovery period for land improvements, 27.5 year recovery period for residential rental property, and 39 year recovery period for commercial property.
Are cost segregation studies for commercial properties only?
When it comes to cost segregation, many people think it’s exclusively for commercial properties. However, this tax-saving strategy is not limited to office buildings and