New Home Build and Cost Segregation/Depreciation
I can't quite find the answer I'm looking for, I hope you can help. I built a house about a year ago and after some discovery on cost segregation and depreciation of various assets I got thinking. Is their more benefit in buying a home with LLC and then taking the depreciation of each individual asset at a different rate. (i.e.: flooring, cabinets, electric, lights?) So, using cost segregation accelerating the depreciation on the home....would that out weigh the homestead deduction for, say, a 10-15 year period? I would then rent the home from the LLC for 10-15 years and at the end the LLC would 1031 exchange into something else. What am I missing here? Thanks!