So....... with my previous CPA (who has since unexpectedly retired) we did a cost segregation study on an asset that was placed into service in 2021 which broke down the bonus depreciable items into 3 buckets, a 15 year bucket, a 7 year bucket, a 5 year bucket and the rest would be on a 39 year straight line depreciation schedule as it is a short term rental.

Your current setup doesn't really keep your business and personal assets/dealings separate.To do so, you'd need to transfer those properties to an LLC you own or create a new one for that purpose.If there is a lawsuit, I'd imagine that your name, as the owner,  would appear in the documents filled.Just my 2 cents, I am not an attorney, nor a CPA

I'd ask my CPA. 

First, you should speak to your CPA about this.

Review with and consult a CPA.

Thank you,BradIt is very difficult to qualify as a rep without managing your own portfolio .You may find someone to do it(cpa) but it's a good way to get audited. 

Your CPA will know more about this issue. 

Many investors have sold deals in the past market cycle, and mad money purely through  cap rate compression.I would like to know how many deals they have gone full cycle.I want a list of their team members, including CPA, Securities Attorney, Property Management company, and all the general partners on the deal.LPs need to focus on their goals, and make sure their interests align with the sponsor.Hope that helpsGino

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.

And doing it on the internet is crazy.. granted some good CpAs have chimed in.. but you need to spend some money and get these answers from an attorney who specializes in these and then a CPA who understands how to set this up as well.at least IMHO.. pay for top notch advice it will be worth it in the long run.