All Forum Posts by: Jen Loch

Hi all,

Any thoughts on how to manage a property under contract that learned a loft does not have permits? It was built 10 years ago and significant feature of home as used as office and sitting room. Seems like could open a huge can of worms to go to city and get retroactive permit but could also be long term problematic to do nothing… in California if that matters

appreciate any thoughts 

Thanks everyone for the helpful info!

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.

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!