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Level 2
December 7, 2019
Solved

Sanity check: 15-year land improvement (new driveway) for residential rental property: eligible for bonus depreciation under new rules?

  • December 7, 2019
  • 1 reply
  • 18 views

Overthinking this and factoring in technical glitch on qualified improvement property (which I believe is a separate issue). Land improvement is land improvement - 15-year property and eligible for bonus depreciation. 

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Best answer by TaxGuyBill

Yep, it is eligible for Bonus.

1 reply

Level 15
December 7, 2019

Yep, it is eligible for Bonus.

randykcpaAuthor
Level 2
December 7, 2019
Thanks! Got some conflicting feedback. It's not 'qualified improvement property' which is not eligible for 168 bonus but is eligible for 179. It's 15-year macrs and 'qualified property'. That's my story and I'm sticking to it.