Cost segregation/ bonus depreciation year of sale

[Kevin Kittilsen]

I recently listed to the podcast on cost segregation study/ bonus depreciation. I had a significant gain on an investment in 2022 that I recently took a payout on. With that said, I will owe a significant amount of taxes on this gain. Wondering what the feasibility to purchase a property (still in 2022) and complete a cost segregation study to come up with bonus depreciation to offset my gains on another deal. Is the depreciation typically based around the purchase year of the home? Thanks in advance!

[Basit Siddiqi]

Is the depreciation typically based around the purchase year of the home?

The deductions(including depreciation) depend on when the property is placed into service.