You most likely didn\u2019t know or even think about the fact that, after a renovation, your assets in the local landfill are still depreciating on your books, as if they were still in your building! You\u2019re throwing money into the dumpster. Today\u2019s guest, Frank Giudici, is going to tell you how to keep from literally throwing that money away. Frank is the Business Development Director for the Bedford Cost Segregation and, in this episode, he speaks about the partial asset disposition election as it pertains to commercial real estate. Prior to joining Bedford team, one of the largest independently owned cost segregation providers in the country, Frank spent 15 years in the construction management industry with two top-ranked builders both nationally and internationally.\xa0
Our gracious sponsor:
A Cost Segregation Study typically generates accelerated depreciation deductions ranging from 15% - 45%; Whether Commercial Real Estate was acquired, built-new, or renovated over the past 15-years, a Cost Segregation Study can still be performed\u2026and there\u2019s no amending of past tax-returns required; All Cost Segregation Providers are NOT created equal\u2026if your Provider does NOT have a Certified Cost Segregation Professional (CCSP) on-staff, then you\u2019re at higher risk of a failed IRS audit; There are ONLY (43) Certified Cost Segregation Professionals (CCSPs) in the entire United States\u2026(8) CCSPs are employed by Bedford. Visit www.bedfordteam.com
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