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Updated about 1 year ago,

Karen Tan's profile image
Karen Tan's profile image
Karen Tan
  • Member since Jan 7, 2023
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6
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Karen Tan's profile image
Karen Tan's profile image
Karen Tan
  • Member since Jan 7, 2023
Connect
Karen Tan
3
Votes |
6
Posts
Tax, SDIRAs & Cost Segregation

When can you take bonus depreciation?

Karen Tan
Posted

Hi, we converted our previous primary into LT rental in January 2022. It’s been rented since. Purchased in 2018 at $325k, it is now valued at roughly $410k. Is it too late to get a cost seg and take bonus depreciation for our 2023 taxes? If not, what would be the value applied (purchase vs market) and bonus depreciation rate used (80% vs 100%)?

Oklahoma City, Oklahoma
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