Bonus Depreciation on my K1 tax forms
One of the reasons I moved on from Turnkey rentals is because on bigger deals you can pay for a cost segregation to write off almost 30% of the asset in year one!
Not have to wait for 27 years!
And if your CPA isn't understanding or proactive in communicating this to you... you need one.
Numbers don't lie look at the year one depreciation I am getting on these deals.
That's $62,452 that I can use to take off my income! If you are in the highest tax bracket that's like $30,000 tax savings!
As a full time real estate profession I am able to take all of those deductions. For those of you with day jobs you are capped depending on your income level however those deductions carry forward to that magical day when you fire the boss.
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