Bonus depreciation and cost segregation

[Yatin G.]

Have a few questions

1. Can you buy a property as a vacation home (10% down) , use it for personal use for 2 weeks in the year and use it as STR for rest ?

2. Can you do a cost segregation on this property and use it for W2 income tax deductions with bonus depreciation, assuming that would be a significant savings ? I understand the material participation rules required

3. If you put a property into service around September of a calendar year , rent out with average rental stays less than 7 day, can you still depreciate entire year with bonus depreciation ?

4. Any good recommendations on cost segregation firms who don’t break the bank but do a decent job ? Do people mostly try to use local firms for this ?

[Luke Carl]

Madison spec