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.

It involves using Section 179 or bonus depreciation, and I would not DIY this project, as distinction between repairs and capital improvements is one of the most confusing areas of the tax law.And no, you do not need a cost segregation study to deduct these components of your rehab - if you have itemized invoices and receipts.Myth 8: for a valid 1031 exchange, I must exchange STR for another STRNo, you don't.

My question is if we buy something now and do cost seg and have bonus depreciation.... can we offset  that $100K of capital gains?

If so, you are in GREAT HANDS, and the amount of free support to setup and self-manage your property is a priceless bonus. 

Yes, I know bonus depreciation is 60% for 2024.My questions:1) Does this sound valid, or are there many more complicated steps for this to work?

Just a heads-up—bonus depreciation can be claimed up to 60% for 2024, and it will drop down to 40% in 2025, so that’s something to keep in mind as you evaluate your options.I’m not endorsing any particular company, and I don’t receive referral fees for recommending the one I used.

If I purchase an investment property with an LLC can I still take advantage of the STR bonus depreciation?  

He put it the market and the real estate agent advised him to add a closet to what had actually been a bonus addition to the two bedroom one bath house. 12 years old at the time my father asked me to give it a try.