Anne Donohue
Limited depreciation study
Hi,I have a SFH LTR in Dover, ID and asked my accountant about ways to save more on taxes. He said I could get a mini depreciation study where I could get all the depreciation deductions in the first 5 years instead o...
Daniel Dietz
Cost Segregation Study - Partners in LLC EACH get 25K Loss Limit?
Hello All, I have been reading up on Cost Segregation Studies a bit. I hold most of my properties in 3 way LLCs. If the LLC has a Cost Seg. Study done and it comes up with say 90K of depreciation for a 75K 'loss', can...
Julio Gonzalez
Is Cost Segregation Beneficial to Passive Investors?
A question that I am frequently asked is whether or not passive investors are able to benefit from a cost segregation study. The strategy is more often talked about relative to active investors, however with the right...
Julie Washburn
Issue with CPA understanding Real Estate Professional
I am a Real Estate Professional, but I seem to be having trouble with my CPA understanding how to account for this. 2022 was my first year as a Real Estate Professional. My husband has a W-2 job with a large amount of...
Ross Alcorn
Cost Segregation on 2 Separate Townhomes
I'm looking for some advice around cost segregation.I purchased a townhome in 2019 that has now been an LTR for two years. I purchased a separate townhome in 2021 that I am currently house hacking in and plan to turn ...
Jim Macris
Cost Segregation ?
Is a 2 BDR, 2.5 Bath two story condo worthy of a cost segregation study? if so, what is a ballpark cost estimate
Ray Hayward
Buying a Mortgage Note and how to leverage it
Hello, I am looking into buying a Mortgage Note and have a verbal agreement with the bank. The property has been abandoned and unpaid for almost 10 years. I was hoping to buy the Note to be able to do an environment...
Guillermo Rivacoba
Cost segregation study for STR purchase in November
High earning W2 income looking to offset taxes with a cost segregation study on a STR. More than likely would be purchased early November, so would this make sense to pursue?If i'm not mistaken, you need to show proof...
Noah Milstein
Retroactive cost segregation
What is the time limit on a tax segregation study? Does it need to be done and the depreciation applied to your tax filing the year of the purchase of the given property or can it be done retroactively on properties p...
Joshua Awodele
Connecticut Section 168k Limitations
Just found out that Connecticut disallows section 168k & section 179 bonus depreciation. For reference, see: https://portal.ct.gov/-/media/drs/publications/ocg/ocg5bonus...
Is there an exemption to this rule or c...