Cost Segregation + Bonus Depreciation

[Account Closed]

Hello everyone. I’ve been following Michael Blanks content heavily over the past 2 months and what really stood out to me is the cost segregation & bonus depreciation. If someone could please explain these terms and give me a scenario on how that is beneficial for investor. My understanding is that essentially investors can write passive income they receive from funds/syndications off as a loss so that they don’t have to pay any taxes on it. Please correct me if I’m wrong