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    The IRS Guidelines For Non-Load Bearing Walls

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    O'Connor Associate
    Mostly 95% of the interior partitions and non-load bearing walls are misclassified as short life property. The IRS has guidelines as to when these assets may be considered personal property.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    The IRS Guidelines For Non-Load Bearing Walls

    Uploaded by

    O'Connor Associate
    31 views5 pages
    Mostly 95% of the interior partitions and non-load bearing walls are misclassified as short life property. The IRS has guidelines as to when these assets may be considered personal property.

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    The IRS Guidelines for Non-Load Bearing Walls

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    Mostly 95% of the interior partitions and non-load bearing walls are misclassified as short life property. The IRS has guidelines as to when these assets may be considered personal property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    31 views5 pages

    The IRS Guidelines For Non-Load Bearing Walls

    Uploaded by

    O'Connor Associate
    Mostly 95% of the interior partitions and non-load bearing walls are misclassified as short life property. The IRS has guidelines as to when these assets may be considered personal property.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    IRS

    Ta x R e d u c t i o n s E x p e r t s

    The IRS Guidelines


    for Non-Load Bearing
    Walls

    www.expertcostseg.com
    INTERIOR NON-LOAD-BEARING WALLS AND COST SEGREGATION

    S
    01 02 03 04

    Mostly 95% of the


    The IRS has guidelines Has your cost
    interior partitions
    as to when these assets segregation specialist Have they set
    and non-load bearing
    may be considered given you the you up for a fall?
    walls are misclassified
    personal property. right advice?
    as short life property.

    www.expertcostseg.com
    TWO CRITERIA BY IRS

    IRS
    The IRS comes up with two criteria You must show that you are re-using and storing
    to consider it as short life. Here is the first criteria: the removed material for later use. The property owner
    can not be considering planning to re-use the walls,
    but must in fact actually be reusing the parts and
    storing them

    www.expertcostseg.com
    SECOND CRITERIA

    You must show that it is economically sensible to make this decision. Storage and removal costs should calculate
    as more economical than tearing out and building new.

    CREDIT CARD

    www.expertcostseg.com
    TA K E AWAY !

    Unless both of these criteria are met, Trust Your Tax Reduction Strategies to
    owners may not consider the interior O’Connor . Our team of real estate
    non-load-bearing walls as personal advisors and commercial appraisers
    property. They should be classified work with you 
    as long-life property and depreciated
    over 39 years.

    www.expertcostseg.com

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