Active VS Passive and Cost Segregation

[Stefan Hirniak]

Hi BP!

Happy Friday.

I’ve got a 2 part question for the forum:

1) Can I take bonus depreciation through a cost seg study if I’m not classified as an active investor?  Doing a mid term rental in Texas with solar and was hoping to take the depreciation before the % decrease.

2) Any suggestions on becoming active VS passive. I have a W2 but my wife doesn't work and we are looking to scale. We currently manage our 7 SFH alone but our CPA isn't comfortable with it yet.

Not looking for tax advise just suggestions and opinions.  Thanks everyone and have a great weekend!

stefan