Do You Qualify? - Passive

Congratulations!You may be in a great position to take advantage of the bonus depreciation allowed for the GO Zone.  Since Bonus Depreciation is considered a passive loss, you can use that loss to offset any passive gains.

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Remember, these passive gains could have been over the last 5 years, or this year, or could also be future gains within the next 15 years!

You should be talking to a GO Zone knowledgeable tax expert to assess your specific situation.