Your taxable gain would be the sale price ($250K) minus your adjusted basis (purchase price $200K + $10K improvements = $210K), so $40K is correct.

Yes the Class feature Cost a bit extra which is a bummer bet the support for it is amazing, and it is easy to allow access for Tax Accountants to pull the reports they need rather than my clients playing middleman. 

However, Even though the property is in service in 2025, you could still do a cost segregation study in 2026 and make a Section 481(a) adjustment to catch up missed depreciation......Anthony,as a tax professional, I'm confirming what Brian said.You will need to use the procedure he mentioned which involves completing Form 3115, as opposed to filing an amended return for 2025.

Quote from @Josh Ball: Your best bet is to check local Facebook groups to find out the local strategies for market specific things.

I bought a flip this week.However, my listings are sitting longer and offers are coming in lower — so I’ve adjusted my underwriting to compensate.

Since bonus depreciation was 100% back then, combining a cost seg study with a 3115 adjustment could give you a big first-year deduction boost.Just make sure the study is done by a qualified firm and reviewed by a CPA who understands how to apply it.

Have you adjusted your funding strategy to match the current market?

From an investor standpoint, when you factor in lower CapEx, warranties, energy efficiency, and potential rate buy-downs, new builds can actually offer better risk-adjusted returns than older resales.

How are you adjusting for insurance volatility?

So what triggered this thought in me is that I really think the stock market is overvalued* Cyclically adjusted PE ratio (valuations) are 2nd highest historically, #1 was the dot com bust.