We have used W-2 income, to include bonuses, tax returns, etc. to buy a number of newer quality houses. 

Hi,I had a quick question - hypothetically, if I had capital gains on stocks, could I theoretically purchase a property that same year and do bonus depreciation from the property to offset my stock capital gains taxes?

i'd get him a nice x-mas present if i were you lol I really do and a bonus on completion.

The exact amount of depreciation you get depends on the project specifics but as an example we just did one where with bonus depreciation investors would get a 40% write off year one from what they invested.

Again, I think overall the advice I give to all of my clients is that they should make purchase decisions on the market as it is, getting a bump in value as a result of large scale development should be a bonus. 

Small asbestos bill is a bonus for me.

Major bonus points for someone who specializes in REI and can help educate us on the different tax savings strategies available to us. 

Square footage of the basement is counted towards total habitable square footage of the building, and it cannot generally exceed the percentage of the lot in your specific zoning (there are some exceptions/bonus sqft available sometimes).

My question is when it comes to the cost segregation study and how you can use the bonus depreciation against your W2 income with the short term loop hole. 

To me the best credit cards are the ones with the largest sign-on bonuses.