Cost Segregation Indiana
Cost Segregation Study Results
The state of Indiana has a diverse economy, a skilled workforce, and some of the most beautiful and productive farm land in the country. The primary driver of Indiana’s economy is manufacturing, with the Calumet region of northwest Indiana being the largest steel producing area in the U.S. Other manufacturers include pharmaceuticals and medical devices, automobiles, electrical equipment, and factory machinery.
The population is largely gathered in the center of the state, in a ten county region making up the Indianapolis Metropolitan Area, with a population approaching 2,000,000. Next largest population centers include Fort Wayne, Evansville and South Bend. Outside of the cities, much of Indiana is given over to crop production. Corn and soybeans are the major cash crops, with a secondary consideration given to melons, tomatoes, and popping corn. The proximity to large urban centers (Indianapolis, Chicago, etc.) makes crop transportation easy and affordable.
The Hoosier State is a frequent stop for O’Connor’s cost segregation experts. We find ourselves most often in the Indianapolis area, but work consistently throughout the state. Whether in the north around South Bend or Fort Wayne, way down south in Evansville, our out west in Terre Haute, we can provide cost segregation services second to none!
Sample of Actual Study Results
Year of Study
1st Year Additional Depreciation
1st Year Tax Savings
Year 1 Payback
Initial 5 Years Tax Savings
5 Year Payback
* 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.