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Updated 10 months ago,
Cost Segregation - LTR to STR Property
Good day,
Property background - home was a LTR for 2021 and 2022. In December of 2022, we started to convert it to a STR. In January of 2023, it became an STR.
Big question - in my case, is a cost segregation study worth it if I am not a real estate professional? If a cost segregation study was performed, would we need to start taking bonus in 2021 when the property was a LTR, making the loss passive?
I would like to offset other Schedule C income for 2023 with the STR bonus depreciation from the cost seg., but it is not looking too promising.