PSA:

The Cares Act, passed during COVID, included a token for real estate investors.

You can now catch-up passive losses from depreciation on any asset purchased in the last 3 years that you "forgot" or "missed out" on bonus depreciation with.

GET YOUR COST SEGS DONE

You can also carry losses from this year BACK 5 YEARS TO INCOME MADE BETWEEN 2015 and 2020.

Buy a few properties this year? Get cost segs done, bonus depreciate aggressively, amend returns, and get a check from Uncle Sam for taxes you paid a long time ago.

Here is a thread on how this works.

You can and you should cost segregate and bonus depreciate your small rental property or beach house you put on Airbnb when you aren't using it.

And obviously do it on ANY AND ALL commercial real estate. https://twitter.com/sweatystartup/status/1334659691738173440?s=20

And your accountant doesn't want you to know this because MORE DEDUCTIONS MEANS MORE WORK.

If they say "but what about recapture?!" fire them immediately.

A dollar saved now is much more valuable than a dollar saved 5 years from now.

Get aggressive with your tax planning!!

And if you need a cost seg done I recommend this guy. He's affordable, aggressive, and his reports are bomb proof in front of the IRS. https://twitter.com/sweatystartup/status/1334659712600698882?s=20