Updated over 1 year ago on . Most recent reply

Cost segregation and schedule E taxes
The cost segregation allows for accelerated depreciation creating pretty big losses on first year of acquisition and there after also.
But schedule E doesn’t allow posting those losses to personal taxes 1040.
losses stay with schedule E until they get offset by future profits from property.
Did I get this correct?
If yes, offsetting personal taxes as ‘benefit’ of owning real estate is not really an easy thing right?
Thanks in advance for feedback
Jagan