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Tax, SDIRAs & Cost Segregation

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Kristafer Nicaj
  • Rental Property Investor
  • Rochester, MI
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Can I benefit from a Cost Seg on existing multi-family once I have REP status

Kristafer Nicaj
  • Rental Property Investor
  • Rochester, MI
Posted Feb 6 2024, 18:26

If I purchased a multi-family property in 2018 and my wife establishes REP status this year (2024), can I benefit from doing a cost seg on that property. I never did a cost seg in the past. I have been paying a lot of taxes every year from selling stocks and have a high W2. I expect to pay about ~$35k in taxes this year.

I also understand it will only be 60% and not 100% bonus depreciation for this year. The property/improvement value minus the land value is about $480k.

PS. If you can recommend a RE CPA+TaxPro in the Dallas-Fort Worth area, I'm all ears! Thank you guys!

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