Tax laws and regulations are constantly changing, and it can be difficult to keep up with it all. In this blog, CSSI experts share their insights around the most relevant issues and developments impacting your tax situation.
August 26, 2026
A cost segregation study on a partnership-held building produces the same reclassification it would on any other property. What happens next is different. The partnership does not use the deduction; it allocates it. Whether that allocation reaches the partners who can actually use it depends on the operating agreement, on whether a section 754 election […]
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August 26, 2026
An inherited rental property arrives with a new tax basis equal to its fair market value at the date of death, and a depreciation schedule that starts from zero. Whatever the decedent claimed over thirty years of ownership is wiped away, along with the recapture attached to it. That combination makes inherited property one of […]
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August 25, 2026
Spend $80,000 on a building and the tax outcome depends entirely on one classification. If the work is a deductible repair, the amount is generally deductible currently. If it is an improvement, it must be capitalized and recovered over the period applicable to the resulting property, which for building structure costs means 39 years, or […]
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August 25, 2026
When a building component is replaced, the treatment of the replacement cost is governed by the tangible property regulations, and not every replacement has to be capitalized. What happens to the old component is a separate question, and the default answer is unfavorable: the part you tore out stays on your depreciation schedule and keeps […]
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