Loss Carryback on Cost Seg/bonus depreciatiom

[Patrick Tudor]

I purchased a SFH in 2022 in my name and am doing cost seg/bonus depreciation = large taxable loss. Am I able to carry back the "loss" in tax year of 2021? (Assuming I'm able to write it off against my personal income.)

[Michael Plaks]

@Patrick Tudor

If you cannot take the losses in the current year, maybe there's no point to do cost segregation. It's case by case.

But if you have excess losses from depreciation, they go to the next year, to 2023.