This allows you to mitigate risk and increase your cash flow potential with diversification, all while deferring the tax you would normally pay. 

You should hire a tax professional to create a strategic tax plan.

The tax savings of bonus depreciation seem to significant to NOT consider a cost segregation study!!  

I’d just be giving up my freedom and a boatload of tax deductions. 

Check the mailing address on the tax recordIf the tax bill is being mailed to a different person or to “c/o [name]”, that’s often the heir or the executor.Sometimes you’ll see an attorney’s office listed, that’s a big hint it’s probate or tied up in an estate.4.

Obviously, we are paying a lot of tax, but we have never seriously thought about reducing the tax that we are paying.

@Kody SmithYou’re right that many tax pros don’t fully understand the nuances of real estate.

There're tax consequences, and they have to be examined if the property has indeed been transferred. 3.

The issue I run into while researching this is that my fiancé and I have substantially different incomes and file taxes separately every year.

So for the 2026-2027 school year they pull 2024 tax return data.