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 12 months ago on . Most recent reply

Cost Segregation on Primary Residence if renting out the basement
I live upstairs in a primary residence and have just started renting out the basement. Can I get cost segregation depreciation on the % of the house that is rented out?
Most Popular Reply

Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
Tax & Financial Services
Pro Member
- Accountant
- New York, NY
- 3,690
- Votes |
- 8,152
- Posts
I would speak with a CPA before going with your stategy.
Rental losses on a owner-occupied SFH rental may be limited(even if you qualify for real estate professional status).
But if your question if can I do a cost segregation...the answer to that is yes...
- Basit Siddiqi
- [email protected]
- 917-280-8544

Basit Siddiqi CPA
76 Reviews
4.9 stars