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Updated about 1 year ago,
Cost segregation tax write off when STR is not generating positive cash flow yet
Hello,
I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate professional and I have a W2 job and paying my income taxes. Although I have been receiving income from my STR Airbnb and VRBO listing, it has not generated positive cash flow yet, I am planning on keeping the STR property for a several years and I am wondering whether a cost segregation would benefit me for accelerated depreciation and tax write off?
Thank you
Aidan Wong,
The STRaight noobie