Can you amend a cost segregation study?

[Tripp Weaver]

Hey guys,

First time post but really enjoy reading all of your posts and insights it has been extremely helpful to my wife and I who run an STR in Oak Island, NC. We completed a cost seg. study on the year of the purchase and it was very beneficial for tax purposes. This year we have been fortunate and are making money and using it to renovate the house to offset some of the income we are receiving from the home and are currently looking for other ways to write off and offset some of the income. My question is since we are doing some pretty extensive renovations can we amend our cost seg. or do another one? Thanks in advance for any responses. Also, please feel free to share any other creative ways to offset income

Thanks

Tripp