QIP can be bonus depreciated.To maximize deductions, consider waiting to make improvements until after the property is converted to a rental.

We also try to incentivize early completion with bonuses and punish late completion with reduced payments, but in reality this often becomes challenging because of things outside the contractor’s control.Hope this helps you some.

Our mentor has helped us find deals up to this point but they won’t be so generous for ever!!

Do you have any insight for me - I really just want to break even; profit would be a bonus.   

Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.

The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.

What is transpiring now is clearly disputed on who has rights to what assets. 5. if you read everything in the SEC and their 1-SA and financials, if you see how much they paid in salaries/bonuses you would vomit.

@Vivian Yip  We just use a very generous utility cap. 

The good thing about bonus depreciation is that you can take the amount eligible for bonus depreciation in that given year.For example - if you place a $50,000 item under 5 Years MACRS on December 31st, it would be eligible for bonus depreciation which as of right is now 60%.

Bonus is I am getting new HVAC, Furnace and hot water tank.