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Updated 12 months ago,
Buys hosue to get depreciation and remodel in following year
We found a house we’d like to purchase to rent but we’re not confident that we could get top rent in its current condition. Regardless it could be ready and available to rent by year end. Can we cost seg and take bonus depreciation in 2023 and do an extensive remodel in 2024 if it doesn’t rent without jeopardizing ability to depreciate in 2023?