Lee Welborn conducted a cost segregation study for a large client in the retail industry. This project included a statistical sampling analysis of the portfolio to limit the number of individual cost segregation studies that needed to be completed while retaining tax benefits for the entire portfolio. This project encompassed multiple placed-in-service years, and it included filing a method change with the IRS to recapture depreciation missed in previous years. The study resulted in a very large taxpayer favorable current-year depreciation adjustment.

This work was completed prior to joining Stout.