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I do not see where you can take the bonus deprecation on a rental on the asset entry sheet for the home for the first year of the rental. Can someone tell me where that is?
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I was watching a youtube video and it said it in it
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The recovery period has to be 20 years or less to be eligible for bonus depreciation.
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Oh, gee, let me help. After all, you could have checked it with this method faster than waiting for the Intuit Professional Accountants' community input panels to load...
And then you would not have needed to keep bugging peer users on such basic issues. Because I consider this community as similar to a water cooler at the office, where some people are on break. You keep walking up and demanding attention for your issues, expecting them to go back to work on your behalf.
I googled:
does bonus depreciation apply to rental property irs
First result:
Don't yell at us; we're volunteers
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Conway.... if you are really doing over 1000 returns, even at $ 50/return you can afford to buy some research materials. As suggested many times before on your innumerable posts.
Here I'll even provide the link for you. Buy the WebLibrary and it is *immediately* available for you to read & do your OWN research.
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All I am doing is listening to videos and podcasts as I am working
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"All I am doing is listening to videos and podcasts as I am working"
Pay attention to your sources.
I googled this for you:
irs video depreciation
Here:
See the ".gov" part?
Please let me know if there is any other work I can do for you, while you help all those clients you are working for. I'll just be here, standing by...
Don't yell at us; we're volunteers
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Happy day...you humans are clearly showing your age. YouTube is so 2022. Even TikTok is archaic. Its ChatGPT for the win.