Thanks, I’m new to the messaging system here so not sure if it’s OK to ask F/U questions - but here goes! I can’t say I completely understand what you’re saying (e.g., say your rental income is $2K/mo., it sounds like you’re saying the deductions you listed will add up to more than $24,000?). One of my related questions is - you list out mortgage Interest, property insurance, property taxes and required depreciation. I’m confused about 2 of these 4. I’m already deducting mortgage interest and property taxes for the “main house”, so I don’t do anything then with those for the rental / ADU, right? (Same mortgage, same property...). So then we’re looking at insurance and depreciation which will be new deductions. I can’t imagine those add up to $24K? But I think the gist of what you’re saying it’s it’s better not to accelerate anything using this bonus method. Thanks again.
