First Year Rental - Cost Segregation

[Chelsie Hall]

I hear that I should utilize cost segregation to calculate my depreciation in this first year of renting, but every calculator I find starts with the question "How much did you pay for the house?". I bought a new house and rented my previous residence. I purchased my previous residence in  Dec of 2013 and refinanced in August of 2020. Do I qualify to take advantage of bonus depreciation?

[Costin I.]

@Chelsie Hall - I just finished a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY). Hope it will give you some guidance.