Bonus Depreciation Year One Question

[Patrick Q.]

Hello all,

Purchased a house hack duplex this year and am in the process of doing my taxes (with a CPA) for 2021.

We are living on one half and the 2nd half has tenants renting it.

Trying to clarify/get 2nd opinion on a couple of things.

The income on the property was $5.7K for the year (went into service later in the year aside from a small office space with low rent).

There was over $100K spent on the property this year (this includes all kinds of things such as repairs, capital improvements, appliances, materials).

My questions are as follow;

Based on my lower than normal AGI for this year of $111K, I was hoping to pass some of the loss against the property this year to W-2 income. I am told this cannot happen (note the combined AGI of spouse and I is $173K). Are there any other ways to use the loss to increase my tax refund this year?

I would appreciate the feedback of folks on here that actually work with RE tax.