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Level 1
March 7, 2019

bonus depreciation

  • March 7, 2019
  • 1 reply
  • 9 views

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

 

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

 

This topic has been closed for replies.

1 reply

itonewbie
Level 15
March 9, 2019
Possible but depends on class life and acquisition date.
---------------------------------------------------------------------------------Still an AllStar
Level 2
March 10, 2019

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?????