Yes, New Mexico conforms to federal bonus depreciation. Investors can claim accelerated depreciation for both federal and state taxes, maximizing tax savings.
A Self Storage Facility purchased for $483,030 in New Mexico
Purchase Price
$483,030
Land Value
$92,906
19.2% of total
Year In Service
2024
Tax Savings
$57,009
11.8% of purchase
Through a detailed engineering cost segregation study, this Self Storage Facility owner in New Mexico accelerated depreciation on qualifying components - turning $57,009 of locked-up basis into immediate tax deductions and improved cash flow.
