This episode is about bonus depreciation. It explains that certain assets, such as computers and fuel for cars, can be fully deducted in the year of purchase since their useful life is not more than one year. On the other hand, buildings have a longer useful life, typically 39 years for commercial properties and 27.5 years for residential properties, so their cost is deducted over time. However, there are components of buildings, like sidewalks and HVAC systems, that have shorter useful lives and can be depreciated faster. This is known as accelerated depreciation, and it allows for quicker deductions. The Tax Cuts and Jobs Act of 2017 introduced bonus depreciation, allowing 100% deduction of certain assets regardless of whether they were new or used. This change expanded the applicability of cost segregation studies, which identify and assign tax lives to individual components of a building, enabling taxpayers to benefit from significant deductions. If you think that your property or portfolio is eligible for a retroactive study, please visit https://www.recostseg.com to learn more.   Join us on June 20, 2023, for a 1 hour workshop on top tax saving strategies for small businesses with CPA Mitchell Baldridge. From section 179 to QSBS to retirement accounts, we'll cover the things you MUST KNOW if you run a small business. Click here to register ? https://lu.ma/qal9t07o   FREE PDF - How to analyze a property and know what it's worth: https://sweatystartup.ck.page/79046c9b03   Check the show notes here: https://sweatystartup.com/the-sweaty-startup/   Check out my free Delegation / Hiring 101 course! Click here: https://nickhuber.podia.com/delegation-hiring-101   Join our Real Estate community: https://sweatystartup.com/rec We have a reddit community: https://www.reddit.com/r/sweatystartup/ Twitter Growth Mastery Course: https://sweatystartup.com/twitter Want to hire me as a consultant? Click here: https://sweatystartup.com/storage   Here are the links to my businesses: Business Brokerage - https://nickhuber.com/ Personal Brand - https://sweatystartup.com/ Self Storage - https://boltstorage.com/ Bold SEO - https://boldseo.com/ Insurance - https://titanrisk.com/ Recruiting - https://recruitjet.com/ Landing Page / Web Development - https://webrun.com/ Overseas Staffing - https://supportshepherd.com/ Debt and Equity - https://bluekeycapital.com/ Tax Credit - https://taxcredithunter.com/ Cost Segregation - https://recostseg.com/ Performance Marketing - https://adrhino.com/ Pest control - https://spidexx.com/