Cost Segregation Study — Property Intake
Flooring
Appliances & Furniture
Per IRS Pub. 5653 (Cost Segregation ATG, Feb. 2025), photographic evidence is recommended for detailed engineering studies and is "critical" for used / acquired property. Drop photos here, tag each with a building system + Schedule B line, and they'll appear in the Photo Plates appendix of the report cross-referenced from the line-item schedule.
JPG, PNG, HEIC. Photos stored locally in your browser; nothing uploaded to a server.
Use the CPA Basis Worksheet if your accountant gave you a basis schedule, you have a 1031 / gift / inheritance / personal-to-rental conversion, or you want to enter closing statement line items.
Instructions
Subtract Land Value from Purchase Price to determine Depreciable Tax Basis.
Investors usually get the Land Value from:
- Property tax assessor's allocation (%)
- An appraisal ($)
- A reasonable method, e.g. market data ($)
Quick flags
Confirm or Adjust Land Value
Closing Statement
Add each settlement-statement line to categorize cost vs financing vs prepaid. Buyer-paid acquisition costs add to property basis. Loan costs and prepaids are excluded.
| Description | Amount | Category | Source / line ref |
|---|
Capital improvements (post-acquisition)
Each improvement is a separate item with its own placed-in-service date. Repairs are excluded from depreciable basis.
Special acquisition rules
Choose if this acquisition has a basis rule beyond a standard purchase.
Personal-to-rental conversion
1031 like-kind exchange
Inherited property
Gifted property
Documents Reviewed
Source documents you relied on for this study. Required by IRS Pub 5653 §C.3 (Appropriate Documentation). Closing statement, blueprints, appraisal, prior depreciation schedule, etc. The audit-defensibility appendix in the report enumerates each one with its evidentiary tier.
+ Add a document
Files themselves are not uploaded yet (storage backend pending — see wishlist); we record the metadata so the report's Documents Reviewed appendix can list what you reviewed.