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Updated over 1 year ago on . Most recent reply

User Stats

29
Posts
11
Votes
Jagan Reddy
  • Sterling, VA
11
Votes |
29
Posts

Cost segregation and schedule E taxes

Jagan Reddy
  • Sterling, VA
Posted

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

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