Single Family Home — Clearwater, FL
Renovation · 2,000 sq. ft. · 263A UNICAP exemption study
$28Keligible costs identified
$230Kconstruction basis
12%of total project cost
Our client had a $230K construction basis on this renovation and wanted every available deduction now. Our 2024 UNICAP exemption study identified $28K of eligible indirect costs, 12% of total project cost, that would normally be capitalized and could be expensed in the current tax year.
Primary items identified
- Property Taxes
- Permits & Design
- Closing Costs
Project details
| Property type | Single Family Home |
|---|---|
| Location | Clearwater, FL |
| Square footage | 2,000 sq. ft. |
| Project type | Renovation |
| Study completed | 2024 |
Results shown are past client results and are not a guarantee of future outcomes. Benefits are subject to qualification requirements and are tax-year dependent. Your CPA or EA remains the ultimate filing authority.
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