How to Take Advantage Of the Go Zone Bonus Depreciation

Once you know that the property qualifies for the Go Zone Bonus Depreciation, the next step is to figure out how you, as a real estate investor, can take advantage of this huge real estate investing opportunity.

The Go Zone Bonus Depreciation

This is by far the most misunderstood topic by many surrounding the Go Zone.

There are two ways you can take advantage of Go Zone Bonus Depreciation:

1. You, our your spouse are a Real Estate Professional; OR
   
2. You, or your spouse actively participate in the business of renting the property. We emphasize OR because we have had many a supposed tax professional provide faulty advice.

Some tax professionals might say that the only way to take advantage of the Go Zone benefits is to be a real estate professional. This is simply not true.

Also, there are many ways you can structure your business to take advantage of the Go Zone Bonus Depreciation. For example, you might discover that you or your spouse can qualify as a real estate professional with only a little extra work.

This would open huge doors to you in the Go Zone.

Here are at least four ways you might be able to qualify for the Go Zone bonus depreciation:

You or your spouse are already a real estate professional;
Your combined Adjusted Gross Income (AGI) is less than $150,000;
Your AGI > $150,000 And You Have Other Passive Income;
You, Or Your Spouse Work Less Than Full Time;

Relevant Resources for the Go Zone Bonus Depreciation:

Passive Activity and At-Risk Rules

And don't forget this Important Concept: There are many ways to take advantage of Bonus Depreciation. Look for a specialist who works specifically in the Go Zone area.