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In this episode of Streams to Impact, Dr. Allen Lomax interviews Brian Kiczula, an expert in cost segregation and depreciation acceleration. Brian shares his journey from the mortgage industry to specializing in cost segregation, explaining how it helps real estate investors maximize cash flow through strategic tax deductions. The conversation covers the intricacies of cost segregation, including what properties qualify, the benefits and drawbacks, and the importance of understanding IRS guidelines. Brian also discusses bonus depreciation and the potential for lookback studies, emphasizing the need for investors to consult with their tax advisors to make informed decisions.

Main Points:

• Cost segregation allows for accelerated depreciation on real estate assets.
• Investors can benefit from understanding the components of their properties.
• Not all improvements are depreciable; proper classification is key.
• Bonus depreciation can significantly impact investment decisions.
• Lookback studies can help recover missed depreciation from prior years.
• Consulting with a CPA is crucial for maximizing tax benefits.
• Cost segregation studies can be beneficial for both small and large property owners.
• Understanding the timeline of property ownership is important for tax strategy.
• Investors should be proactive in seeking cost segregation benefits.
• The landscape of tax laws can change, impacting depreciation strategies.

Connect with Brian Kiczula:

• brian@costsegrx.com
• https://www.realestateexplainer.com