What property and taxpayer facts drive suitability?
Ask your CPA which facts matter, including property type, basis, placed-in-service date, ownership horizon, passive activity considerations, and current tax position.
Who performs the study?
Understand the provider’s engineering and tax methodology, experience, documentation, and support if the work is reviewed.
What is included in the fee?
Clarify site visits, reports, tax-form support, implementation responsibilities, and any additional charges.
How does timing affect the analysis?
The placed-in-service date, prior depreciation, amended return or accounting-method procedures, and current law may affect the process.
What happens when the property is sold?
Ask about depreciation recapture and how the current benefit may interact with future disposition plans.
What records should be retained?
Discuss source documents, construction records, photographs, methodology, calculations, and retention with the study provider and tax professional.
Who signs off on the tax position?
A qualified tax professional who understands your complete facts should evaluate how the study is reported. General education is not tax advice.