Real Estate Depreciation Offset Stock Capital Gains?

[Jung Won Kim]

Hi,

I had a quick question - hypothetically, if I had capital gains on stocks, could I theoretically purchase a property that same year and do bonus depreciation from the property to offset my stock capital gains taxes?

For instance, let's say I have $50K capital gains tax. If i purchase a property worth around $250,000, and recognize 20% depreciation ($250K X 20% = $50K) through cost segregation, bonus dep, etc, would I effectively pay zero capital gains on my stocks? Or are real estate depreciation only used to offset real estate income?