Altough, I imagine other options for accelerated depreciation will be considered for future legislation whatever that may be.

The difference between the sales price ($800k) and the adjusted cost basis ($725k minus $80k of accelerated depreciation) is $155k.

@Isua Mbang I haven't used this product but it comes and goes under different monikers, velocity banking/all in one loan/accelerated primary residence payoff etc It could potentially work but keep in mind that most people don't have stable enough finances to make this work.

Yes, a cost segregation study could help reduce your tax bill by accelerating depreciation on the condos, offsetting income, including the $300k IRA withdrawal.

It’s incredible how reinvesting can accelerate your growth.

Connecting with others will accelerate your learning process in a strong market with numerous opportunities.Good luck!

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

Hey Bigger Pockets Community,I'm very interested in learning about multi-family investing and accelerating my education.  

agreed it does not matter for the fully engaged RE professional income varies from year to year.. this is why we hire CPA. it is what it is.. now we can take steps through the year.. like buying things that we can get accelerated depreciation on etc etc..

I’ve found valuable tips, resources, and connections that have truly accelerated my journey.