Listen "Unlocking the Power of Cost Segregation with Yonah Weiss| Episode 52"
Episode Synopsis
🔥On this Real Estate Hustlers Podcast episode with Yonah is a powerhouse with property owners' tax savings. As Business Director at Madison SPECS, a national Cost Segregation leader, he has assisted clients in saving hundreds of millions of dollars on taxes through cost segregation. He has a background in teaching and a passion for real estate and helping others. He’s a real estate investor and host of the top podcast Weiss Advice.
What actionable value will you provide to our listeners?
Learn about this important tax strategy
Key Takeaways:
Cost segregation is a tax deduction strategy that allows property owners to accelerate depreciation and take larger deductions upfront.
Cost segregation studies must be done by a third-party engineering firm and can be applied to both new and older properties.
Recapture tax is a potential downside of cost segregation when selling a property, but the tax rate is lower than regular income tax.
Cost segregation can benefit limited partners in syndication deals by allowing them to claim a portion of the depreciation on their K-1 tax document.
Real estate professionals and owners of short-term rentals can use cost segregation to offset their W-2 income.
Connect with Yonah
LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
Facebook: https://www.facebook.com/yonah.weiss.1/
Instagram: https://www.instagram.com/yonahweiss/
Twitter: https://twitter.com/YonahWeis
Connect with Josh:
Facebook: https://www.facebook.com/josh.appelman.108/
Facebook group: https://www.facebook.com/groups/realestatehustler
Linked in: https://www.linkedin.com/in/josh-e-appelman-97767973/
What actionable value will you provide to our listeners?
Learn about this important tax strategy
Key Takeaways:
Cost segregation is a tax deduction strategy that allows property owners to accelerate depreciation and take larger deductions upfront.
Cost segregation studies must be done by a third-party engineering firm and can be applied to both new and older properties.
Recapture tax is a potential downside of cost segregation when selling a property, but the tax rate is lower than regular income tax.
Cost segregation can benefit limited partners in syndication deals by allowing them to claim a portion of the depreciation on their K-1 tax document.
Real estate professionals and owners of short-term rentals can use cost segregation to offset their W-2 income.
Connect with Yonah
LinkedIn: https://www.linkedin.com/in/cost-segregation-yonah-weiss/
Facebook: https://www.facebook.com/yonah.weiss.1/
Instagram: https://www.instagram.com/yonahweiss/
Twitter: https://twitter.com/YonahWeis
Connect with Josh:
Facebook: https://www.facebook.com/josh.appelman.108/
Facebook group: https://www.facebook.com/groups/realestatehustler
Linked in: https://www.linkedin.com/in/josh-e-appelman-97767973/
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