BASED ON REAL DATA
Cost estimates and outputs are based on trusted, localized, third party cost data
EASY-TO-USE ONLINE FORM
15 minute question-and-answer style form using smart logic and intelligent algorithms
Tool, algorithms and final report reviewed by trusted tax professionals for accuracy
Report is based on approved IRS methodologies
Gather your property documents: inspector's report, property information, etc.
Follow the prompts from the tool, providing the property information required to segregate costs into depreciable asset classes. Tool is designed to ask smart questions and take less than 15 minutes.
With the information about the property, the tool uses third-party cost and construction data and algorithms to estimate and allocate the property's tax basis into the relevant asset classes for US federal income tax purposes.
Tax professionals review the output of the tool for accuracy and an IRS defensible report in PDF is emailed to the user within 3-5 business days outlining the allocation of tax basis among the different classes of assets. You hand it to your tax preparer or input it into tax software yourself.
(c) 2018 - IndigoSpire Advisors, LLC