All Forum Posts by: Victor Lavigne

Thank you all for the inputs. 

Sean,

Very clear and concise answers!

Hi Malik,

They are not passive losses since I do meet the requirements related to the STR "loophole".

Yes, the property was in service the prior year.

Taxes have not been filed; however, I had enough expenses related to the property the prior year where the cost segregation study wouldn't significantly impact that return.

Good morning everyone,

Curious to see if someone could help with the following question:

If I perform a cost segregation study for a short-term rental property purchased the previous year, would I amend the return for the previous year or adjust in the year of the cost segregation study?

Also, do the aggregate losses above any W2 income get carried over to the following year?