No, North Carolina does not conform to federal bonus depreciation. Investors must follow the state's specific depreciation schedules, increasing complexity for tax filings.
A Self Storage Facility purchased for $1,069,602 in North Carolina
Purchase Price
$1,069,602
Land Value
$238,210
22.3% of total
Year In Service
2024
Tax Savings
$148,780
13.9% of purchase
Through a detailed engineering cost segregation study, this Self Storage Facility owner in North Carolina accelerated depreciation on qualifying components - turning $148,780 of locked-up basis into immediate tax deductions and improved cash flow.
