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Updated 11 months ago, 01/31/2024
Cost segregation study?
Hello,
This past Summer my brother in law and I added a vacation rental to our portfolio. I have been listening to podcasts and they mention cost segregation studies and bonus appreciation and there is even a STR loophole. We bought our home from a flipper so the interior is all updated. We paid $710K and its block from the beach on Emerald isle NC. I'm not sure how to determine if its worth it to have the cost seg study done. I know I can call our tax person and figured I'd ask if anyone has done this with their STR property and would you share your experience?
thanks, Brian