Is a new kitchen installed in June 2018 a "qualified property" for 100% bonus depreciation ?

Forum|Forum|6 years ago
December 7, 2019
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Best answer by TaxGuyBill

No, as of right now "Qualified Improvement Property" does not qualify for Bonus Depreciation

However, "Qualified Improvement Property" may qualify for Section 179, if the other requirements of Section 179 are met.

T

TaxGuyBillAnswer

Level 15

No, as of right now "Qualified Improvement Property" does not qualify for Bonus Depreciation

However, "Qualified Improvement Property" may qualify for Section 179, if the other requirements of Section 179 are met.

C

ChiHoangAuthor

Level 6

This is a brand new kitchen. what other requirements of section 179 that you think they must be met to qualify for section 179 deduction ? thanks for your answer.
How about new appliances for rental property ? are they "qualified property" for bonus depreciation or qualified for section 179 ?