Maximize Tax Savings with Cost Segregation

0:00It's April 6th. Welcome in. This is Durham News Today, where local news meets AI. I'm Corey with the story. Yo, with the April 15 tax deadline just under two weeks out, real estate investors got a major win from the One Big Beautiful Bill Act. It permanently brought back 100% bonus depreciation for qualified property bought and put in service after January 19th, 20th. 25. This flips the script from the old phase house that were dropping to 40% this year. To cash in, you need a cost segregation study that breaks down the property into shorter life assets like five-year stuff, such as carpets and cabinets, or 15-year items like parking lots. That lets you front-load 20 to 30% of the purchase price as a deduction right away, potentially saving six figures on taxes. Experts are sounding alarms, though, saying most folks missed the fine print and end up with deductions they can use. Real estate rentals count as passive activities, so those big losses usually can't touch your W2

1:00wages or active business income, especially if your household pulls over 150,000 bucks. The key escapes are qualifying as a real estate professional logging at least 750 hours and more than half your time in real estate. Trades like development, management, or leasing, or running short-term rentals with average days of seven days or less while materially participating. Say over 100 hours and more than anyone else involved. Bottom line, if you're eyeing this play before filing, talk to a pro to avoid pitfalls and lock in those savings before the deadline hits. Stay sharp out there.