However, you could still have - cashflow on paper, but still break even or potentially have + cashflow on your taxes.

Since we have zero income, I'm not inclined to pay a CPA several hundred dollars to do our taxes, so I'm trying to do it myself. 

This tax provision allows homeowners to rent out their space for up to 14 days per year without reporting the income or paying taxes on it!

I have a tax question.

Thanks, Tax.

And even then, that only defers the tax liability.With the craziness in the public markets, you could potentially tax loss harvest...At least be glad that you made money on it in 8mo. 

LP is 280,000, ARV is 425,000ish and renovation is about 75 ~ 80 grands (+20 grands for closing cost, first year taxes, reserve etc).

Yes, there will be limitations of a TN financial institution as I live in CA, and I have read articles about potential tax and filling season issues if you bank outside the state where the business is registered. 

I want to be prepared talking about tax strategies with my CPA and I have a few questions. 1.Can I take bonus depreciation on the ADU?

State - it depends, you can have real estate transfer tax issues / re assessment issues.