What's Happening?
KBKG, a prominent provider of specialty tax solutions, has introduced Cost Seg Pro, an advanced self-guided cost segregation software. This tool is designed to assist both residential and commercial property
investors in completing cost segregation studies efficiently. Cost Seg Pro is AI-powered and allows users to generate ready-to-file reports, complete with audit support, starting at $495 per report. The software is tailored for properties with a depreciable tax basis under $1.5 million, enabling users to unlock bonus depreciation quickly and cost-effectively. It supports a variety of property types, including single-family rentals, multifamily units, offices, warehouses, restaurants, hotels, and self-storage facilities. The software includes features such as AI-assisted property data gathering, land vs. building allocation advisor, and a 481(a) adjustment schedule.
Why It's Important?
The launch of Cost Seg Pro represents a significant advancement in the field of cost segregation, making it more accessible to a broader range of property owners and tax professionals. By simplifying the process and reducing costs, the software could lead to increased adoption of cost segregation strategies, which can result in substantial tax savings. This development is particularly beneficial for small to medium-sized property investors who previously found cost segregation to be too complex or expensive. The ability to efficiently maximize tax savings can enhance the financial viability of real estate investments, potentially stimulating further investment in the sector.
What's Next?
Property owners and tax professionals are encouraged to explore the capabilities of Cost Seg Pro by trying the software for free. As users become familiar with its features and benefits, there may be a shift in how cost segregation is approached, with more investors leveraging this tool to optimize their tax strategies. KBKG's continued focus on innovation in tax solutions suggests that further enhancements and new offerings could be on the horizon, potentially expanding the scope of services available to real estate investors.
