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Level 3
December 7, 2019
Solved

Bonus depreciation limit?

  • December 7, 2019
  • 1 reply
  • 10 views

Is there any limit to 100% bonus depreciation (not Sec. 179)? $4 million profit before depreciation with $3 million of equipment qualifying for 100% bonus depreciation = $1 million taxable?

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Best answer by TaxGuyBill

There is not limit.  If the assets qualify, you can claim the full amount.

1 reply

Level 15
December 7, 2019

There is not limit.  If the assets qualify, you can claim the full amount.