Client:
This owner is a single site owner.
Result:
This property, like many funeral homes, is owned by a multi-generational family business. Though fully depreciated with the last generation, strategic planning for how the property would pass to the next generation meant that this property received a step up in basis as the next generation of the family gained ownership. This careful thinking in how the assets changed hands allowed for a significant savings for this property.
1st Year Depreciation Increase:
$187,796
Building Cost:
$2,459,723
Property Type:
Funeral Home
Type of Study:
Built
Facility Size:
10,400 sf
CPA Referral