Can I benefit from a Cost Seg on existing multi-family once I have REP status

[Kristafer Nicaj]

If I purchased a multi-family property in 2018 and my wife establishes REP status this year (2024), can I benefit from doing a cost seg on that property. I never did a cost seg in the past. I have been paying a lot of taxes every year from selling stocks and have a high W2. I expect to pay about ~$35k in taxes this year.

I also understand it will only be 60% and not 100% bonus depreciation for this year. The property/improvement value minus the land value is about $480k.

PS. If you can recommend a RE CPA+TaxPro in the Dallas-Fort Worth area, I'm all ears! Thank you guys!