So it's effect would really be more aligned to lowering your taxable income for the year you used the bonus depreciation, but all other depreciation rules apply when the property is sold?

To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income?

Installment sales result in the seller receiving TAXABLE interest, plus principal.

., LLC's) receive a 20% deduction on their taxable income simply for being a pass through entity.

So it will reduce your taxable income by $50k regardless of your income limit. 

The background is that a taxable LLC partners 50/50 with a self-directed IRA to do wholesaling. 

For 2018 taxes, I understand that the LLC will need to file it's own return. 1) if the LLC shows net earnings, would we just split that amount 50-50 as a distribution and add it to our personal taxable incomes?

Any distributions you take from the IRA will be taxable, however, so it is better to withdrawal incrementally so as to be at a lower tax bracket than to pull out a single large amount and pay the maximum tax rate in that year.As noted, you could choose to start taking distributions of the income produced by your IRA's investment properties.  

Use the PETIO method which can be searched fòr for elsewhere on this site.Determine if there is sufficient equity to merit the effort.In the western state, most counties have assessors (not appraisers) who determine taxable value and the tax collector is responsible for collection. 

Now this boot will be taxable to the entity.