Do you need to visit the property?
No. You or your property manager complete a guided photo and video walkthrough, and we combine it with your closing documents, listing photos and public records. For large or complex commercial properties we may recommend an on-site inspection.
Is my property a good fit?
Generally, short-term rentals with at least $250,000 of depreciable basis and commercial buildings over about $750,000 benefit most. The bigger question is whether you can use the loss, which depends on passive activity rules and material participation. Our free estimate checks both.
I bought my property years ago. Is it too late?
No. A look-back study captures the depreciation you missed through a Form 3115 accounting method change, taken in a single year without amending prior returns. The bonus percentage depends on when the property was acquired.
What is depreciation recapture?
When you sell, depreciation taken on 5-, 7- and 15-year property can be taxed at ordinary income rates. The study still front-loads your deductions, but it matters for exit planning. We walk through it on your results call.
Will this work with my current CPA?
Yes. Your report includes a depreciation schedule your preparer can load directly, and we are glad to talk with your CPA. Many clients come to us through their CPA.
What about state taxes?
Some states, including California, New York and New Jersey, do not follow federal bonus depreciation. We note your state's treatment in the report.