CS-2024-0134
Look-Back · §481(a)
Delivered · ready to sign & download
Pinecrest Office Park — delivered study
$11.0M basis · placed in service Sep 30, 2021 · 47 workpapers · basis reconciled to $0.00 variance (CR-002).
Original cost vs. reclassified components
CD-002 MACRS lives · §168(k) bonus depreciation · §481(a) cumulative catch-up
Original tax basis
$11,000,000
100% allocated to 39-year real property at acquisition
| Class | Allocation | Amount |
|---|---|---|
| 39-yr real | 100% | $11,000,000 |
| 5-yr personal | — | $0 |
| 7-yr personal | — | $0 |
| 15-yr land imp. | — | $0 |
Reclassified components
$1,840,000 accelerated
$487k §168(k) bonus · $312k §481(a) cumulative catch-up
| Class | Allocation | Amount |
|---|---|---|
| 39-yr real | 83.3% | $9,160,000 |
| 5-yr personal | 8.6% | $948,000 |
| 7-yr personal | 2.1% | $232,000 |
| 15-yr land imp. | 5.9% | $660,000 |
First-year deduction (§168(k))
$1,289,200
vs. $282,051 straight-line
§481(a) cumulative catch-up
$312,400
2 prior tax years
Estimated NPV of tax savings
$612K
at 25% federal · 4.5% discount
Risk register · final
All positions reviewed and resolved · 2 contrary-argument notes attached
| Component | Position | Category | Conf. | Authority |
|---|---|---|---|---|
| Decorative carpet | 5-yr personal property | Moderate | 78% | Rev. Proc. 87-56 |
| Specialty electrical | 5-yr — directly serves tenant equipment | Moderate | 89% | Whiteco Industries |
| Site lighting & landscaping | 15-yr land improvements | Conservative | 96% | Rev. Proc. 87-56 · 00.3 |
| Removable partitions | 7-yr personal property | Moderate | 91% | Hospital Corp. of Am. |
| §481(a) cumulative adjustment | $312,400 catch-up · Form 3115 | Conservative | 97% | Rev. Proc. 2015-13 |
Sign deliverables
Embedded DocuSign · DF-010 / DF-011
Engagement letter — Pinecrest_EL_2024.pdf
Sent to maya.klein@hartwellcpa.com · 4 hours ago
Final cost segregation study — Pinecrest_Study_v3.pdf
312 pages · cited authorities & full risk register attached
Form 3115 §481(a) workpaper package
Signed by Daniel Tomas (Engagement Manager) · 1 day ago
Download center
Audit-ready bundle · CR-002 reconciled
WorkpaperSet (47 files)
Excel + PDFs · all classifications + cited authorities + take-offs
Download .zip
Basis reconciled. Σ classified amounts = $11,000,000 — variance $0.00 (CR-002).
Audit trail
Immutable record (CR-005)
System sent delivery notification & download link.
Yesterday · 16:48
Daniel Tomas triggered DocuSign workflow for engagement letter and Form 3115.
Yesterday · 16:42
Asha Vance (CPA Partner) gave final release approval.
Yesterday · 14:11
Saanvi Iyer (Tax Analyst) generated WorkpaperSet & Form 3115 package.
Mar 06 · 09:34