That leads to misunderstandings and will get you in trouble. 

@Michael Temple and @Joe Splitrock - sorry gentlemen, you're incorrect.Depreciation recapture is NOT due in the year of sale, which is a very common misunderstanding, even between CPAs.

All valid replies and accurate.I don’t think it is a matter of you coaching your accountant.I think the issue is you misunderstanding what he is telling you.....he is correct that the “amount of the loan”, both the purchase and the rehab, are Irrelevant to your profit/expenses calculations...it is the Actual cost of purchase, closing and rehab and interest payment expenses that are relevant.

Very common misunderstanding. 

@Luke Aubut Either your state has some very strange laws or you are misunderstanding something......”redemption rights” don’t expire Before an auction, if they exists.  

--> using this logic, there should only be one guru in every industry because if someone is more qualified than you, then you shouldn't be given the chance to instruct.It's possible I'm misunderstanding your argument. 

I hope this clears up any other misunderstandings .. 

You can always switch the following year to being a passive investor and still continue to take straight depreciation on the types of property you did not take bonus depreciation on.There is a misunderstanding here in this post.

Unless I'm misunderstanding the implication of the saying: "It's not personal, it's just business."

Was told on Friday, this was a misunderstanding, home wasn't supposed to be in estate battle and Monday the brother would be contacted to fix.