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    • Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
    Created with Sketch. Intuit Biz e-filing closure on December 21 at 6:00PM PST. Select your product for more Hot topics. Lacerte | ProConnect | ProSeries
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    bonus depreciation

    Bobbi
    Level 1
    ‎03-07-2019 04:06 PM

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

     

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

     

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    2 Comments 2
    itonewbie
    Level 15
    ‎03-08-2019 08:18 PM
    Possible but depends on class life and acquisition date.
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    Still an AllStar
    spam1
    Level 1
    ‎03-09-2019 09:01 PM

    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?????

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