All Forum Posts by: John Zhang

If I buy a house and use as long term rental, take bonus depreciation. But after a year use it as airbnb. What will be the tax implications? Since it is no longer used as a long term rental, do I need to pay depreciation recaptur.

 Thank you Aaron. That's very helpful. Looks like that the limit this year is $610,000 for joint filers. But any depreciation amount beyond that can be carried over to future years. 

My wife is REPS status. I am a W2 employee. I used to believe that the limit is $500,000. But is it still true? Thanks in advance!

Thanks. My wife will become REPS. Anybody knows the answer to my question?

I purchased a fourplex this year. I plan to rent out two units as short term Airbnb, the other two for long term rentals. Can I take bonus depreciation on the entire property, or I can only bonus depreciate the two long term units? I want to use the bonus depreciation to offset my W2 income as a real estate professional. Thanks in advance.

If I purchase two rental properties this year. I materially participate in one, and nearly completely hands off the other to a property management company. Can I elect to combine these two and take bonus bonus deprecations on both if I can achieve real estate professional status on the property that I manage myself? thanks in advance.

thanks

Does anyone know if I can do a cost seg and use bonus depreciation on a short term rental property to offset my w2 income, if I don’t have real estate professional status?