All Forum Posts by: Mike Irwin

If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be depreciation recapture, but if I keep that as a primary residence say for 20 years or longer am I going to have problems with IRS. or at some point way down the road there will be depreciation recapture or does that go away after awhile. Does it also depend on intent? or if something were to change , i can still rely on intent to start as STR but had a life change that I then decide to convert to primary residence. thanks in advance.