Did you take any bonus deprecation at any time? 

Per code, as-of-right, a building with a CMX-1 zone designation is permitted a maximum of two or three dwelling units (dependent on lot size) plus any applicable housing density bonus pursuant to section 14-702(7).

Hi All,Interested in purchasing a STR this year, meet material participation rules/100 hrs, obtain cost seg and bonus depreciation.

@Ashish Acharya thanks. the huge loss would come from depreciation, especially if i get a cost segregation analysis for the recently purchased property. so the personal use residence limitation supercedes everything else we were discussing, and you cant take advantage of excess losses or bonus dpereciation to offset w2 income if you have personal use?

Luckily for you, bonus is still at 60% for those assets that qualify for such.2) Yes

SS is just a bonus!

If you can see the back of the house, that's a big bonus. 

Have you incentivized a GC with bonuses to meeting or exceeding cost/schedules? 

As a real estate investor, it’s crucial that you understand when and how to utilize bonus depreciation and 1031 exchanges in order to lessen your tax burden, keeping more money in your pocket.

Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.