. - Bonus Depreciation Recapture form the cost seg you did can be taxed at the marginal rate but this can be minimized the the asset is held for more than 4/5 years. - Capital Gains: Gains from appreciation remain taxed at the capital gains rate, not as ordinary income.

My question is if I purchase the property in 2024 but put the property in use in 2025, can I still do cost segregation and do bonus depreciation in 2025?

TIAGlad to see you’re taking advantage of bonus depreciation.

Look at the comps in your market, having extra storage is a bonus so as long as it has working electrical I wouldn't spend much time or money on it other than making sure it's clean for showings.

Quote from @Melanie Baldridge: Newton's law of tax: What goes down must come up.Everyone enjoys the sweet benefits of bonus depreciation, but what happens when you sell?

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I pay them a very nice bonus at the end of the year, so realistically it's probably more like $35/hr, so my labor cost for the job would be around $7,000.   

I decided to take the leap and sign up for the program.

I think that it is a bonus to have your own domain email, however, I think it is fine to have your name @gmail.com.

Taking bonus depreciation early is a tax deferral, not a tax savings.Recapture is real and debt must be repaid!