STR bonus depreciation when purchasing with an LLC?

[Marc Shin]

I work a W2 job and pay a lot of taxes. If I purchase an investment property with an LLC can I still take advantage of the STR bonus depreciation? or do I need to purchase in my personal name in order to take advantage of the STR bonus depreciation?

[Joshua Thompson]

If you materially participate and the rental qualifies as a STR you should be able to take advantage of bonus depreciation on a STR. Keep in mind this year bonus depreciation is 60%. You do not need to have the property in your personal name, it can be owned by an LLC you're sole owner of without having to file a separate tax return.