I have a couple of questions about STR business. My second STR. Option 1: I purchase land and have builder custom build a property. What is effect on bonus depreciation of the house building cost? I will have detailed breakdown of the cost of each item that is put in the house. So I guess the “cost segregation” will be very accurate. Option 2: Get an older property and do major renovation through a builder. I will likely build a detached garage apartment also which will be a new structure. How can I maximize depreciation in this scenario ? Second question: If a vehicle is purchased and actually put in service for use by guests ( since they come from out of town) and if more then 6000 lbs then can it be written off completely to take loss for the STR LLC and offset the W2 income ? Sort of like bonus depreciation taken for the house in year one. All this is done while keeping up with 500 hours of material participation as per IRS rules. Thanks

Hi Everyone! I had to get a wisdom tooth pulled out yesterday so it's hard to hold a conversation so i will cancel my calls today, but if you shoot me a message i will get back to you thanks and have a good weekend!

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Hello. Need some clarification about Tax benefits for STR using the STR look hole. Here is my situation. Year 1 (2025): Purchased the STR property. Financed with a bank. Did Cost Segregation. Will get a good size bonus depreciation for year 1 including some other set up costs. Did 100 hour material participation and more than anyone else. Will get to offset W2 income Year 2 (2026): Did major changes in property like installed pool and turf outside. Redecoorated and furnished the STR. Will claim all these expenses for 2026. Will do 500 hour material participation. Will get to offset W2 income. Year 3: For year 3 or 4 are there any other expense I can carry over from prior years to offset my W2 income tax ? ? I do not anticipate any major expenses. The only expense I can create is to pay down the mortgage from my own money and count it as "capital contribution". Thanks @Ryan Bakke, CPA @Mason Kimball, CPA @Kevin Medina, CPA, MBA

Let's say I partner with a couple of investors and we purchase a multifamily unit and plan to manage it ourselves. WE each log in our 750 hours to qualify as REP status. IN that situation can we all get a share of the "bonus depreciation" from the property and be able to off set our W2 income ? Thanks.