I had to think creatively about converting the bonus room or dining room into an extra bedroom and creating new drywall to partition extra space into a new bedroom.

Treven, there is the possibility of bonus entitlement for your next owner occupied VA purchase.happy to hop on a call and get into the weeds if you like.

My understanding is this is the last year for 100% bonus depreciation (assume it relates to cost segregation?).

Those are big bonus points in my book. 

So with all of that and with the frequency of turnover it made no sense for me to spend that much time on agents and I opted to clear the deck and replace agents with the TV show and a couple hourly + bonus employees who are like swiss army knives for me.

A CPA would know whether or not you could take bonus depreciation on the capitalized improvements, but since you already know what the cost was, there is no need for a cost segregation.

Depreciation recapture is assessed when the sale price of an asset exceeds the tax basis or adjusted cost basis.Bonus DepreciationOne of the major changes with the Tax Cuts and Jobs Act of 2017 was the bonus depreciation provision, where business can take 100% bonus depreciation on a qualified property purchased after September 27th, 2017.

This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

Many know the standard benefits such as accelerated depreciation and bonus depreciation.

For time being it’s an asset of company then after they have the tenure it can xfer to them and they pay a tax on the delta but it acts as a nice bonus they can cash out or let it keep accruing at about 4% per year