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Updated about 1 year ago,
Is Bonus Depreciation Worth the Audit Risk?
For 2022, my husband met Real Estate Professional status. I am a high income W2 earner. We filed an extension for 2022 taxes and are just finalizing them now.
Our CPA says that if I cost segregate and bonus depreciate two assets we bought, that it increases my audit risk since I have a higher W2.
Is that true? I don't want to be audited. But, I also think that we're doing everything according to the law. He mets REPS, and we are allowed to bonus depreciate. So, why not do it?
Any thoughts/experience?
Thanks in advance! Debby