patbrogan
New Member

Investors & landlords

Correction: one primary that had been inherited and lived in 5 years; one vacation house and 4 non-depreciated rentals.

The other new addition is a K-1 for a new boat put into a charter program (as our LLS) which under the 2107  bonus depreciation 179 allows us to take 100% depreciation in year 1 which we would use to offset the house gains.  So looking for professional advice on that too.