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Updated 3 months ago on . Most recent reply
Looking for CPA / Advice on Online DIY Cost Segregation Study
I'm looking for a CPA this year who's knowledgeable about STRs! I converted a house hacking home into an STR and I'd like to perform an online DIY cost segregation study, such as KBKG.com, and apply bonus depreciation at the 60% rate this year. I self-manage the property, therefore I believe I can utilize the STR tax loophole, and apply these losses to eliminate my W2 income. The home is approximately $500K, and has some improvements.
My question is: how reliable are online DIY cost segregation studies? Has anyone had a negative experience? Can someone help me find a CPA that has experience with this?
Most Popular Reply
#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
- 7,585
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#5 Starting Out Contributor
- Real Estate Consultant
- Mendham, NJ
@Sean Graham will have the answers for you on this and how easy it might be to try to do on your own. Cost seg is his thing.
- Jonathan Greene
- [email protected]
- Podcast Guest on Show #667
