A study for a residential property generally runs between $3,000 and $15,000. It tends to pencil out when your depreciable basis clears roughly $500,000, you’re in a high tax bracket, and you can actually use the deductions this year. Keep expectations realistic for a converted home, because the existing components usually don’t qualify for 100% bonus depreciation, while the furnishings you buy after the conversion often do.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
