Episode: Depreciation & Credits with Kim Lochridge
Depreciation & Credits with Kim Lochridge
August 23, 2023
WealthAbility for CPAs #104 – Should you be utilizing cost-segregation studies? Do your clients qualify for research and development credits? Even if our clients don’t benefit from these tools right now, understanding how they could in the future might help them generate significantly more wealth. In this episode, Kim Lochridge joins Tom to help us discover how accelerating depreciation and capturing credits can maximize cashflow, dramatically increase deductions, and protect you against IRS audits.
Order Tom’s new book, “The Win-Win Wealth Strategy: 7 Investments the Government Will Pay You to Make” at: https://winwinwealthstrategy.com/
00:00 – Intro
02:36 – Is accelerating depreciation legal? Aggressive? A “red flag”?
05:02 – What is a cost-segregation study?
09:50 – Does hiring an engineer really make a difference?
12:24 – How fast are the benefits of bonus depreciation decaying?
13:20 – What % of the asset value can you capture with accelerated benefits on average?
17:40 – Are cost-segregations worth utilizing in a passive portfolio?
24:37 – How do we capture “Research & Development” credits?
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