air bnb str and cost segregation ????

[Jay Hinrichs]

those of you experienced in this asset class. have you used cost seg and how does it work for this type of asset.
Other than the normal things you would include in any real estate..  wondering since its a bizz if you can add
other items to the deprecation that are needed..  Also what about a expensive boat dock.. IE 100k or so value.

[Jay Hinrichs]

Originally posted by @Yonah Weiss:

Originally posted by @Jay Hinrichs:

Originally posted by @Luke Carl:

Sure I’ve got segued all of mine. I don’t know much about it though. I’ll leave that to the expert @Yonah Weiss

thank you I have talked to Yonah on basic seg so understand it for more traditional commercial assets but was wonder from those of you in the business how you set up the other things that make your STR cool.. for instance my new one is water front with a very expensive dock LOL.. and it needs maintenance as its in the Columbia River within 15 miles of the ocean so it takes some wear and tear.

Along with all the other accoutrements that make these places desirable. 

 

Jay, many of the added accoutrements that go along with STRs are considered personal property and can be eligible for bonus depreciation, which make them much more desirable for cost seg.

A dock is considered 'land improvements' and depreciates on a 15 year schedule, which you can also bonus depreciate.

I will hit you off line since this in not in theory now so will follow up on our conversations.. thank you