Bobbi
Level 1

Is the 100% bonus depreciation available for RESIDENTIAL RENTAL PROPERTY.

 

That is - are residential rental property asset additions - qualified property?

 

0 Cheers
itonewbie
Level 15
Possible but depends on class life and acquisition date.
---------------------------------------------------------------------------------
Still an AllStar
spam1
Level 1

Purchased $31,000 of Security Cameras for a residential apartment building in 2018 with a useful life of 5 to 7 years. I assume I am not allowed the section 179 depreciation but can I take the 100% bonus depreciation?????

0 Cheers