KBKG, a provider of specialty tax solutions, has launched Cost Seg Pro, a cost-segregation software designed for real estate, including self-storage facilities. Investors, tax preparers and other real estate professionals can use the tool to analyze commercial and residential properties. Powered by artificial intelligence, the software can generate a comprehensive report within minutes, according to a press release.
Each $495 report includes comprehensive property data, advice regarding land vs. building allocation, a Section 481(a) adjustment schedule, audit support and report corrections. Users can try Cost Seg Pro for free at costsegration.com and pay only after seeing how much they can save on their property taxes.
“With Cost Seg Pro, we’ve taken everything we’ve learned from nearly 30 years of leading cost-segregation experience and made it even more accessible to investors and their tax preparers,” said principal CJ Aberin. “For properties under $1.5 million in depreciable tax basis, you can now unlock bonus depreciation in a fraction of the time without the complexity or cost that used to make cost segregation out of reach. If you buy a property for $2M and the land was worth $600,000, you can use Cost Seg Pro.”
Related:Washington State Self-Storage Facilities Now Subject to Business and Occupation Tax
Established in 1999 with offices nationwide, KBKG offers value-added services that complement traditional tax and accounting capabilities, such as cost segregation, energy tax, and research and development credits.
Source: PR Newswire, KBKG Launches Cost Seg Pro, the Next-Generation of Self-Guided Cost Segregation Software for Residential and Commercial Property Owners
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