Cost segregation study/bonus depreciation question

[Lane Baker]

I bought 2 properties back in 2020 and 2021. Duplex was purchased for 355,000 and the single family was purchased for 385,000. Both properties have an interest rate below 2.5% and both cash flow. They are located in Tacoma Washington. I've been depreciating the properties every year since I bought them. I think I'm leaving money on the table. I want to execute a cost seg on both. How does it work? Can I use bonus depreciation? What is the current percentage I can bonus depreciate? It's unfamiliar territory for me. I'm seeping out of my comfort zone with this one. Any advice or insight helps. Thanks. 

[Michael Plaks]

Quote from @Lane Baker:

I bought 2 properties back in 2020 and 2021. Duplex was purchased for 355,000 and the single family was purchased for 385,000. Both properties have an interest rate below 2.5% and both cash flow. They are located in Tacoma Washington. I've been depreciating the properties every year since I bought them. I think I'm leaving money on the table. I want to execute a cost seg on both. How does it work? Can I use bonus depreciation? What is the current percentage I can bonus depreciate? It's unfamiliar territory for me. I'm seeping out of my comfort zone with this one. Any advice or insight helps. Thanks. 

The answer is actually case-by-case. Cost segregation helps in some situations but not in other situations.

Here is a post to get you an introduction:  
https://www.biggerpockets.com/forums/51/topics/1075919-five-...