If you’ve received an accelerated depreciation study and want to understand what it means, this guide is for you. We’ll walk through how to read the report and how to apply it when filing your taxes.
This post will walk you through:
📄 What your report includes
📥 How to access it
🧾 How to use it when filing your taxes
🎧 Where to go for extra guidance
Just a reminder…
Accelerated depreciation is a powerful tax strategy that allows you to front-load depreciation on certain parts of your rental property—like flooring, appliances, and fixtures—rather than spreading it out over 27.5 years.
This means larger deductions earlier, giving you more cash flow now, when you need it most.
What’s in Your Report?
Your study breaks your property into individual components that can be depreciated over 5, 7, or 15 years rather than the standard 27.5. This unlocks significant upfront deductions that can dramatically reduce your taxable income.
It also includes:
📊 A breakdown of qualifying components
💵 Estimated tax savings
🧾 IRS depreciation schedules
Need More Help Understanding Your Study? We’ve got you covered. Our in-house CPA, Dawn, has recorded a short walkthrough to explain how to read your report and what steps to take next.
It’s quick, clear, and will give you the confidence to apply your savings correctly.
How Do I Use This on My Taxes?
Whether you file your own taxes or use a professional, here’s what to do:
If you use a tax professional: Send them your report directly—they’ll know how to apply it.
If you file yourself (using software like TurboTax): You’ll manually enter your depreciation numbers using the IRS Form 4562. Our report makes this simple to do.
Note: If you purchased our Done-With-You plan, Dawn will be reaching out shortly to schedule your review call.
Still Have Questions? We’re here to help! Reach out anytime at [email protected] and we’ll respond as quickly as we can.
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