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Cost Segregation Connecticut

Cost Segregation Study Results

Cost Segregation Connecticut

Connecticut, though the third smallest state by area, is the fourth most densely populated state in the U.S. Most of the state’s 3.5 million plus residents live in southern and western Connecticut, which is considered part of the New York Metropolitan Area. Connecticut’s capital is Hartford, while its most populous city is Bridgeport.

Cost Segregation Services Connecticut

Finance and Insurance are the largest industries in the state, generating 16.4% of the state’s GDP, followed by real estate (15.0%) and manufacturing (11.9%). Tourism plays a minor role in the economy, as does gambling at casinos located on Indian reservations in the eastern part of the state. On average, Connecticut has one of the highest per capital personal income rates in the U.S., and as of several years ago, had the third largest number of millionaires per capita in the U. S.

Cost Segregation Study Connecticut

While most of our Connecticut contacts tend to be real estate owners whose assets reside in other states, our O’Connor cost segregation experts manage several studies on Connecticut assets annually. We can help you increase cash flow by reducing your federal income tax burden. Why not start today?


Sample of Actual Study Results

Asset Type

Retail
Multifamily
Retail
Multifamily
Multifamily


Depreciable Basis

$1,175,014
$40,575,208
$439,109
$3,523,195
$565,180


Purchase Date

12/01/10
10/01/13
12/01/12
12/01/14
06/01/15


Year of Study

2010
2014
2015
2014
2015


1st Year Additional Depreciation

$502,643
$3,306,737
$141,075
$788,964
$26,508


1st Year Tax Savings

$199,047
$1,309,468
$55,866
$312,430
$10,497


Year 1 Payback

283.0:1
319.0:1
59.7:1
103.5:1
3.3:1


Initial 5 Years Tax Savings

$253,730
$2,810,270
$77,529
$424,965
$43,416


5 Year Payback

362.0:1
685.0:1
83.8:1
140.7:1
14.4:1

* Results from “Catch Up” studies which allow the owner of properties purchased in previous tax years
to benefit from cost segregation in the current tax year without filing amended returns.

** Mid-Quarter depreciation convention utilized due to purchase date.

***Results include bonus depreciation first year calculations.

NOTE: The above listed tax savings are based on a 39.6% tax rate for the owner.

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