Bonus Depreciation for STR then LTR?

[Jon Kim]

Hello everyone, hope all are well, I'd appreciate insight on a question- if I take bonus depreciation after a cost segregation study in a year, then do STR and it's just not for me, can I then convert to long term leases the next year and still benefit from the deduction in year one or is that owed back somehow (other than recapture at time of sale) Thanks!

[Sean Bramble]

I’m not a CPA so take this as a guess. But I believe depreciation is linked to the property, not how you use it. So it should theoretically carry forward indefinitely until the financial benefit has been used up.