Need CPA for Bonus Depreciation

[Edwin Carcedo]

Hello BP community, I have multiple properties that I short term rent, I am also in the 32% tax rate for my W2, so I am looking for an investor friendly CPA who can help me with bonus depreciation and the STR loophole. I did a Cost Seg study on three of my properties to take advantage of accelerated depreciation.

If anyone knows a good CPA who would be able to help with this, please let me know.

Thank you!

[Basit Siddiqi]

If the short-term rentals are treated as active, it will allow you to utilize the loss and offset it against other forms of income such as W-2 wages, interest, dividends, etc

A cost segregation study looks at a property and identifies components of the house that may be eligible for faster depreciation. It wll identify assets that the IRS classifies as 5 year, 7 year or 15 year life.
These items are eligible for bonus depreciation and a faster writeoff than the standard 39 years for short term rentals.