The Benefits of Cost Segregation

There's no additional paperwork. The only time there is additional paperwork is if you were to do a cost segregation study on an asset that you've already depreciated on a previous tax return. So one of the nice things about cost segregation is let's say I bought two properties back in 2015. All of a sudden it's 2022. I find myself with this big tax bill. I can actually go back and do cost segregation studies on these buildings I bought in 2015, bring all that missed appreciation that I should have been taking over the last seven years under the current tax return without ever amending a prior year's return.