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Updated 5 months ago on . Most recent reply

User Stats

16
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2
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Nick O.
  • Real Estate Investor
  • Scottsdale, AZ
2
Votes |
16
Posts

Tax pro fluent in STR cost seg bonus depreciation "loophole" in Phoenix Metro area?

Nick O.
  • Real Estate Investor
  • Scottsdale, AZ
Posted

I know it's not technically a loophole but looking for a local specialist with this. Appreciate any help.

Most Popular Reply

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8,132
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3,658
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Basit Siddiqi
  • Accountant
  • New York, NY
3,658
Votes |
8,132
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Basit Siddiqi
  • Accountant
  • New York, NY
Replied

First have a conversation with an accountant to make sure you are taking the proper steps to treating your property as active instead of passive.

Then, have a conversation to see what steps you can take to accelerate as much losses into year 1(Furnishing the apartment + cost segregation study, etc)

Best of luck.

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Basit Siddiqi CPA
4.9 stars
74 Reviews

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