Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.

So, your CPA is correct in saying that the insurance proceeds won't be taxable assuming they were used to repair or replace the damaged portion of the property.Cost Segregation Study (CSS): A CSS is a tax planning tool that allows you to accelerate depreciation deductions by identifying and reclassifying certain components of your property as shorter-lived assets.

Bonus depreciation could be a viable strategy to offset your $300K capital gains, but it typically applies to specific property components identified through a cost segregation study rather than the entire residential property itself.

In the market today you cant simply buy right, the value add component needs to be sizable and in many cases is hidden from the trained eye. 

If you go with a self-directed Solo 401k plan, you can supercharge its Roth component by investing in illiquid assets such as trust deeds and converting them to Roth at a deep discount.

I would expect the same here and I wouldn't be surprised if the industrial components of the Bellweather district outpace the life science components.

I plan on using my military connections in Tampa to get into the market for working with all the active and reserve component servicemembers in the greater Tampa area.

Benefit: Weigh the potential tax savings against the time and cost of making the change.Recommendation: Consult a tax professional to evaluate whether the potential benefits outweigh the efforts and costs involved.3.Partial Asset Disposition in TurboTax: Handling Roof Replacements•Understanding Partial Asset Disposition:•When you replace a structural component like a roof, you can write off the remaining undepreciated value of the old roof.

And frankly, knowledge is only one piece of the "puzzle", the main component is rather the personality - endurance threshold, confidence level, risk tolerance, common sense, persistence and resilience.  

Many alternative lenders have internal guidelines that prevent against lending on assets with any commercial components.