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Can I claim bonus depreciation on floating luxury vinyl plank?
I replace the entire rental property flooring from glue-down vinyl tile to floating luxury vinyl plank.
I am pretty sure this is an improvement and must be depreciated, but I wonder if the floating (not glue down) vinyl plank is considered “permanent” and can I claim bonus depreciation on the newly installed flooring?
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September 25, 2022
12:43 AM