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DIY Cost Segregation: Can You Do A Cost Segregation Study Yourself?

Cost segregation studies are expensive, but a DIY cost segregation study can be costly in more ways than one. Here's what you need to know about performing a cost segregation study yourself.

    Erica Seppala
  • Last updated onUpdated

  • Chelsea Krause
  • REVIEWED BY

    Chelsea Krause

    Lead Staff Writer

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Key Takeaways
  1. While you can legally do a cost segregation study yourself, it requires extensive knowledge of tax law and the construction process. The IRS guidelines emphasize the need for expertise to ensure accuracy.
  2. The main advantage of a DIY study is saving on the cost of hiring a professional, but the drawbacks include significant time investment, complex rules, and the risk of costly mistakes on your tax return.
Erica Seppala

Erica Seppala

Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.
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