Having Other Passive Income to Qualify for Go Zone Bonus Depreciation

Perhaps you're not a real estate professional, but you've got a slew of other investments that bring you passive income every year. You may still qualify for the Go Zone Bonus Depreciation.

If you are a high net worth person with a number of income producing properties and/or other assets that produce passive income, you can reap big rewards from teh Go Zone Bonus depreciation.
from activities other than a regular job or sale of stocks/bonds, you should explore with your tax advisor if any of your investments qualify as passive income.

Bonus depreciation can be taken on qualifying GO Zone property. If you have passive income, then passive losses generated from bonus depreciation can be used to offset your other passive income!

You don't have to be a real estate professional for this to work for you. And, you can go back 5 years with your loss, offsetting income from previous years, or forward that loss up to 20 years!

This puts you in a nice situation tax-wise. The more passive income you have, the more you can benefit from investing in Go Zone properties.

Anybody with past, present, or future passive income should look seriously at the Go Zone benefits.