All Forum Posts by: Don Bible

@Ash Hegde. Thanks for the reply. It seems that with bonus depreciation decreasing in the coming years that cost segregation may be a thing of the past.  

@Andrew Freed. Yes I’m able to reduce my taxable income on my w2 job using the short term rental rule.   I self manage and have logged more than 100 hours managing the property.   I’m not a real estate professional.

I’m having a cost segregation study performed this year that will essentially allow me to reduce my taxable income by 20% of the purchase price after subtracting the cost of the raw land.  My question is can I still depreciate the remaining 80% of the purchase price in future years?

Also with bonus depreciation being 80% next year how can I estimate my tax savings  when having a cost segregation after I purchase a new property this year?

Thanks so much!!!!!