Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 1 year ago,
Cost Segregation - After regular long term depreciation?
I have a single family rental property that has been rented for two years. I've done the normal long term depreciation of the property.
My question: Can I do a cost segregation even though in previous years I've taken the standard depreciation
I am a real estate agent, self manage the property, should qualify for all the benefits of being full time in the business of real estate. I'm hoping to wipe out a substantial amount of my taxable income this year.
Any advice would be lovely