Welcome to Chattel Wealth.

We are a company dedicated to helping investors get the most out of their rental properties. We do this by a process of appraising chattel depreciation (see overview). This is an IRS approved process that has been used for years in the commercial properties (company offices, stores, and warehouses etc) saving owners thousands. With our process we are able to take the same type of deductions for residence properties such as duplexes, houses, condos, and apartments and so on. This is money that is simply hiding from you. It is yours, why not take it?

Overview:

Chattel depreciation (also known as ‘cost segregation’, ‘chattel valuation’, and ‘asset valuation’) is the process of placing a value on the personal property in a real estate investment property, then producing an IRS approved depreciation schedule. Depreciation can be deducted from federal income taxes over 5, 10, or 15 years.                                                          

Chattel is considered personal property that can be depreciated under IRS rules. Chattel can be any owned, movable, and tangible personal property, other than the actual building itself. Some examples of chattel include: kitchen appliances (stoves, range hoods, etc.) that are not permanently attached to real property, flooring, light fixtures, cabinets, draperies, window coverings, and many other items.

In addition to depreciating chattel, the IRS also allows you to depreciate land improvements. An example would be certain types of landscaping, sprinkler systems, driveways, walkways, fences, and a host of others.

Chattel Wealth will quickly and accurately evaluate your property, identify available chattel and land improvements, analyze the results, and produce an IRS approved depreciation schedule and supporting documentation that can then be provided to your tax preparer. By valuing the chattel and land improvements separately from the building, the investor realizes the added benefit of additional depreciable assets, thereby saving thousands of dollars in taxes.

 Attention!! under IRS code 3115 you are able to alter the way you take your desperation without changing pass taxes. This means if you have owned your rental property for 5 years you can take all 5 years wroth of deprecation in one year. The same goes if you have had a property for even 2 years, you can take the last 2 years and then still have 3 more years to deprecate. If you are thinking about sell in the near future this is the best option for you.

Chattel Wealth’s service could be worth thousands of dollars in tax savings.

This is a must-have for anyone with rental properties!

We also offer special pricing on multiple units.

Call for your personalized chattel valuation today! 636-493-0095