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Bonus Depreciation

I bought a rental property this year 2025. I am interested in what improvements qualify for bonus depreciation. I did a major remodel replacing about everything. Kitchen bathrooms flooring windows doors, etc

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1 Reply
pk
Level 15
Level 15

Bonus Depreciation

@nerobins , congratulations.

I would refer you to the following IRS doc. ---> Instructions for Form 4562 (2024) | Internal Revenue Service

specifically on Part II where it covers "Bonus" depreciation.  Note the life requirements under MACRS.

You may also like to read / be aware of --  Publication 946 (2024), How To Depreciate Property | Internal Revenue Service

 

This is straight from the horse's mouth.

 

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