Hi everyone. We purchased a property in early October and are placing it in service this week (mid November).We had intended to run a cost segregation study and try to accelerate depreciation which we can deduct again...

I receive $16500 in rental income for the year.  I remodeled the rental property this year at a tune of $17000.  I also pay the mortgage and 10% to a property management company.  Because I have put so much time into ...

We are filing our taxes for an multifamily property we purchased in October 2022. Regarding depreciation, I wanted to confirm if bonus depreciation (100% allowable for 2022) is only determined by completing a cost seg...

Almost all taxpayers are impacted in some way by the new tax law introduced as the Tax Cuts and Jobs Act of 2017 (TCJA). Individuals, LLCs, LLPs, LPs, and corporate entities alike now seek to identify key and relevant...

Hello BP! I'm seeking input from a CPA or tax professional that might be able to help me regarding claiming expenses on an investment property. I'd like to know how much I can expect to receive back from taxes after c...

I've previously found cost segregation studies to be highly beneficial, particularly as a strategy to offset taxable income from both my full-time employment and rental properties. These studies have enabled me to tak...

Hoping to gather some opinions. For SFH's that are LTR's (home values approx. $280k with land value backed out) what are the advantages and disadvantages to conducting a cost segregation study when bonus depreciation ...

Hello, just closed on a new house. If i were to airbnb it out for the last few weeks of December, would i be able to use the short term rental loophole to do bonus depreciation on the property (with a cost seg of cour...

I live in Long Beach, California. I just purchased a single-family home that also has an accessory dwelling unit. I am living in the accessory dwelling unit  portion of the home and renting out the single family home...

Hello
I am seeking professional tax advice. Specifically regarding Section 179 depreciation and bonus deductions. Can anyone recommend someone? Ideally it would be someone experienced in these matters, who is willing...