Cost segregation delivers income tax credits for Gulfside Dental partners.
At Gulfside Dental, Dr. DeMarco and Dr. Ticas wanted to maximize their investment dollars in their dental condo build-out. I had the privilege of performing the site survey and found a kid-friendly office with a very friendly and welcoming staff. The office has considerable tangible personal property as our resulting engineered cost segregation analysis proved out. Some of those 5-year assets are dental sinks, Operatory and Lab cabinetry, specialty electrical for medical gas and dental equipment, carpeting, medical gas piping, security system, internet and cable wiring, and so much more.
We were able to accelerate depreciation on 47% of the facility using an engineer based and conducted cost segregation study. This detail allows for an itemization of every tangible personal property asset meeting IRC standards for accelerating depreciation using cost segregation.
The dentist partners realized over 1250% ROI (fee vs. income tax refund) putting over $30,000 in federal income tax savings in their pockets!
Cost segregation delivers results every time it’s applied!
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