Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Brandon Salimi
2
Votes |
6
Posts

Cost Segregation Clarification

Brandon Salimi
Posted

Hi BiggerPockets Community - I currently co-own the real estate and operate a short-term rental with my business partner. We have each spent over 100+ hours on this property this year along through management/cleaning/restocking/repairs given the nature of the business.

I read somewhere that the tax code says you are able to run a cost segregation if you spend 100+ hours on a STR, but only the person who spends the most hours working with/on the property is able to take the deduction? Is this true and does this apply if both parties cross over the 100 hour threshold?

In this same question thread, I currently own and occupy a duplex property and have a tenant as a long-term renter. Given my "active" involvement in my STR am I able to also run a cost segregation on my currently occupied duplex, or would these be separate even though I crossed over the 100+ hour STR threshold?

I've been getting conflicting advice so I'd greatly appreciate some clarity on what is legal and what makes sense. Many thanks in advance!

Loading replies...