It may make sense to do so if you’re near retirement, plan to relocate, own a highly appreciated property, have enough taxable income to use the deductions, and are comfortable running a rental for a limited period. It also depends on rules that are easy to overlook: the cap on your depreciable basis, the bonus depreciation acquisition date, material participation, local short-term rental ordinances, and depreciation recapture at sale. A wealth advisor and a tax professional can help you model whether the numbers work.
We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.
