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Updated over 1 year ago,

User Stats

12
Posts
2
Votes
Spencer Dixon
  • Real Estate Agent
  • Wisconsin
2
Votes |
12
Posts

Cost Segregation - After regular long term depreciation?

Spencer Dixon
  • Real Estate Agent
  • Wisconsin
Posted

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

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