However, as a bonus for my partner who used his/her credit for the loan, I will pay 60% of the down payment ($400K x 60% = $240K) but only claim 50% of the shares (equity) of the LLC.

Investors can also choose to invest in the same year as exit of the old property, whereby the new property investment again captures 100% bonus depreciation thus offsetting certain gains or income in the same year.Deferment is the name of the game.

My 401K contributions allowed me to retire at 55 but when I started working at 21 we got bonuses to work our butts off, we didn't get bonuses to sit at home and not work.

It is just a bonus if you end up with reduced living expenses.

(2 years) we replaced some ceil tiles, lacquered the living room floor, painted all rooms but the bathroom, and put in click-flooring in the laundry/bonus room.

@Codi Clausen Sounds like they are looking for tax depreciation bonuses for 2021.

I left biglaw earlier this year to take an in-house job with a (MUCH) better lifestyle but lower long-term earning potential.Household Income: $365 guaranteed, $440 if I hit my bonus and include our rental (bonus is a target of $60k but is not guaranteed, rental grosses $15k though we net less after taxes/expenses)Net worth: $1.15M: Cash-$390k, Equity in existing rental (out of state)- $200k, college savings $30k and retirement accounts - $520k, no debt (both cars owned outright and rental doesn't have a mortgage).Current Housing – We live in a HCOL where we rent a 2bd/2ba condo for $3.1k.

As in, does it serve as a bonus living room?

This increases the depreciation write off in the first several years after purchasing the property.A huge incentive of cost segregation is that by reclassifying the subcomponents to a useful life of 5 to 15 years, these assets are also eligible for bonus depreciation.

Bonus points for reliability around scheduling/completing!