Can I Cost Segregate if I don't have the Real Estate Professional Status?

[Phil Contreras]

Hey all,

I've been reading a bunch of books about cost segregation (tax free wealth by Tom Wheelright) and there is this one question that I can't find the answer too.

Can I cost segregate my house for depreciation if I don't have the real estate professtional status?

Basiclaly, can I conduct cost segregation as a regular landlord person on my properties? or am I only allowed the standard depreciation of 27 years?

[Ashish Acharya]

Yes, you can, but your losses will be limited. If you have other passive activities, or if you plan to convert your future non-passive activities to passive ones, it would be beneficial to do it right now even if your losses are limited.