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Updated almost 2 years ago, 01/01/2023

User Stats

20
Posts
10
Votes
Alan Taylor
Pro Member
  • Real Estate Agent
  • Manassas, VA
10
Votes |
20
Posts

Placing an STR property 'in service' for depreciation

Alan Taylor
Pro Member
  • Real Estate Agent
  • Manassas, VA
Posted

We're closing on a property in South Western North Carolina this coming week -- and we're trying to get the property ready to 'go live' as soon as we can.   We also wanted to be able to take advantage of the 'bonus depreciation' -- and while reading through the IRS regulations on this, for real estate, it looks like 'placing in in service' has a varying definition. 

What would be required for an STR property to be 'placed in service', for tax reasons?

  • Alan Taylor
  • Loading replies...