Tax implications for accepting new position at work?

[Robert Fowler]

I work full time for a property management company as a property manager and was recently offered an opportunity to work in corporate. My job title would change to "Systems Manager" or something similar. I also hold a real estate license and want to benefit from cost segregation and bonused depreciated to offset my W-2 income. I understand this can only be done if you can prove that 51% of your time is being spent on "real estate activities", but I wonder if my position as a property manager would count as a real estate activity for tax purposes? 

Any input is greatly appreciated! 

[Bryan Martin]

Quote from @Robert Fowler:

I work full time for a property management company as a property manager and was recently offered an opportunity to work in corporate. My job title would change to "Systems Manager" or something similar. I also hold a real estate license and want to benefit from cost segregation and bonused depreciated to offset my W-2 income. I understand this can only be done if you can prove that 51% of your time is being spent on "real estate activities", but I wonder if my position as a property manager would count as a real estate activity for tax purposes? 

Any input is greatly appreciated! 

It is possible that your position as a property manager could be considered a real estate activity for tax purposes. However, the determination of whether your job qualifies as a real estate activity would depend on the specific duties and responsibilities that you perform in your role as a property manager. In general, the IRS considers an activity to be a real estate activity if it involves the management, development, or improvement of real estate. This can include activities such as managing rental properties, overseeing the construction or renovation of buildings, and negotiating leases or sales contracts.

If you are considering taking on a new role as a systems manager, it is important to consider how this role may impact your ability to qualify for cost segregation and bonus depreciation. It may be helpful to speak with a tax professional or review IRS guidance on real estate activities to get a better understanding of how your job duties could be classified for tax purposes. Ultimately, it will be important to keep detailed records of the time you spend on various tasks and activities in order to accurately demonstrate that you are spending at least 51% of your time on real estate activities.