So after over a decade of BRRRR we had to adjust.

Good morning everyone,Curious to see if someone could help with the following question:If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?

That market, when the economy does turn, is gonna get adjusted downward first.

My question is - wouldn't I be able to add the amount of the improvement to my adjusted basis for the property to be sold?  

Let's talk sometime this week, there are a lot of speedbumps in the process and it might be more beneficial to adjust your strategy.

PM can adjust during the winter as needed. 

We are about a month away from the flow-through deadline and there's no way it can be applied as an automatic adjustment.

Hi Jennifer,When you say floating rate, I presume you mean adjustable rate?

I believe in practice it does not actually offset the capital gains but reduces my taxable income dollar for dollar with the loss, as long as my Modified Adjusted Gross Income (MAGI) is under $150K.

Quote from @John Woodrich: @James Hamling The owner of Twin Cities Leasing gained his experience working at your employer many years ago.Yeah, after looking them up and checking there stuff out it seems like a re-hash of our system, which makes total sense if coming from our system although I am sure has some own adjustments of his won.