Cost segregation and schedule E taxes

[Jagan Reddy]

The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.

But schedule E doesn’t allow posting those losses to personal taxes 1040. 
losses stay with schedule E until they get offset by future profits from property.

Did I get this correct?

If yes, offsetting personal taxes as ‘benefit’ of owning real estate is not really an easy thing right?

Thanks in advance for feedback 

Jagan

[Jagan Reddy]

I have CPA but he is very conservative and I believe I am not getting full tax benefits 

But neither me nor my wife qualify for real estate professionals 

I will call you tomorrow 

Thanks

Jagan