As an added bonus, doing all of this well can often land you on the "vendor list" of a company, putting your contact number as the first call to make when placing the next crew passing through.I apologize for the long-winded reply as you probably know and understand all of this, but there might be a reader that doesn't. 

But if you do renovation after you move out of the primary residence, you might be able to take benefit of bonus depreciation or sec 179(if qualified). 

.• Bonus depreciation is winding down, as many of us know.

I'll through a bonus in at the end.

It’s a great time to buy during the low season to get launched, stabilized and get your tax write offs now (60% bonus depreciation this year vs 40% next year).  

The bonus deprecation rules apply here and it would be a conversation you would need to have with your accountant as to what the best course of action is.

The tax benefits of bonus depreciation can lead to massive savings but losses won’t help one bit if you can’t use them.Before you buy a cost seg, you need to know the rules:Tax all starts with the types of income.1.

Fortunately they don't have to--for people who purchase the book directly from BP here, they get free bonus content and one component of that is a list of 72 questions to ask a sponsor.Someone will read this and think I'm just trying to sell books--not the case. 

Can I use bonus depreciation on this property to offset my W-2 income taxes?

Book losses through bonus depreciation.4.