Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

4
Posts
0
Votes
Jeri Herrera
0
Votes |
4
Posts

Bonus depreciation and real estate professional

Jeri Herrera
Posted

I receive $16500 in rental income for the year.  I remodeled the rental property this year at a tune of $17000.  I also pay the mortgage and 10% to a property management company.  
Because I have put so much time into the property and seeking/ buying other properties, I can qualify to be a real estate professional to offset my spouse’s income up to $25k.  
I would like to buy a truck to use for my rental and potentially other rentals as well. 100% business use. 
I am looking at $12k for a Ford F150 (6000lbs).  My question is, can I also use bonus depreciation for100% of the truck cost to max out the losses against my rental and off set our personal income? Do I have this information correct? 

Most Popular Reply

User Stats

3,692
Posts
4,438
Votes
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
4,438
Votes |
3,692
Posts
Natalie Kolodij
  • Tax Strategist| National Tax Educator| Accepting New Clients
ModeratorReplied
Originally posted by @James Mc Ree:

Don't forget you will owe self-employment taxes as a result of being a professional.  They take a big bite.

 Being a RE pro does not make your rental income subject to self employment tax. 

business profile image
Kolodij Tax & Consulting

Loading replies...