Accelerated depreciation for first rental

[Jen Loch]

Hi. Looking at my first str! I understand land is excluded from the cost segregation study and that an easy estimate is 20% of purchase price. I’m confused on why some properties result in 20% and others 40%… are there characteristics to look for to get higher amounts

if you renovate after, would it make sense to do cost seg study after Reno or before and then do the individual Reno items as separate deductions?

thanks for any ideas!

[Jen Loch]

Yes, thank you that helps! I’m in a unique situation of a one time large bonus payment that I don’t ever expect again, so I’m okay with the idea that it is just accelerating it to this year. My cpa isn’t that familiar with this stuff so working on meeting with others.