In this example you did not reduce the overall value by the accelerated portion. Looks like getting a double reduction. So do you have to reduce the portions first and than the rest is over 27.5 years?
How are you using real estate syndications to accelerate depreciation? Isn’t that just built into the return when you join syndications on crowdfunding sites?
I don't invest on Crowdfunding sites as I lost $ early on with one of them. Most syndications use a cost segregation study for accelerated depreciation and bonus depreciation.
so in the example, the 2.2m in actual property was not accelerated. only the personal property and land improvement. can you also accelerate the property (2.2M)?
Can this be done afte yhr 1979 tax reform. Doing research im seeing that you hav to be qulified as a real estate professional (750 hrs+ a yr, and more than half your time managing) or short term rental averaging 7 days or less per stay. I'm trying to do this for myself. We have a rental but how does one do this?
Why not mention depreciation recapture when the property is sold? As you mentioned, its to defer taxes and lower taxable income, not eliminate. A lot of those tax savings need to be repaid at the time the property is sold. It's a huge part of overall strategy left out.
Exceptional, thank you! Very easy to understand.
where is the guide download link?
Amazing how many CPA firms don't understand this concept yet they call themselves "real estate" CPA firms.
In this example you did not reduce the overall value by the accelerated portion. Looks like getting a double reduction. So do you have to reduce the portions first and than the rest is over 27.5 years?
How are you using real estate syndications to accelerate depreciation? Isn’t that just built into the return when you join syndications on crowdfunding sites?
I don't invest on Crowdfunding sites as I lost $ early on with one of them. Most syndications use a cost segregation study for accelerated depreciation and bonus depreciation.
so in the example, the 2.2m in actual property was not accelerated. only the personal property and land improvement. can you also accelerate the property (2.2M)?
@@extremeflext Land can't be depreciated.
@@DebtFreeDoctorJeffAnzalone i wasn't asking about land. i was asking for the actual property : the 2.2m in your example.
@extremeflext The parts of the property can via the cost segregation study. Reach out to your CPA for specific help as I'm not one.
Can this be done afte yhr 1979 tax reform. Doing research im seeing that you hav to be qulified as a real estate professional (750 hrs+ a yr, and more than half your time managing) or short term rental averaging 7 days or less per stay. I'm trying to do this for myself. We have a rental but how does one do this?
Your CPA should be able to help.
Why not mention depreciation recapture when the property is sold? As you mentioned, its to defer taxes and lower taxable income, not eliminate. A lot of those tax savings need to be repaid at the time the property is sold. It's a huge part of overall strategy left out.
How long do you have the retain the property before you can sell it without the depreciation recapture?
Can his lower our W-2 taxes and 1099? 💪👑💰✈