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Get your taxes done using TurboTax
A new central air unit becomes "a physical part of" the structure. Therefore it's classified under MACRS as Residential Rental Real Estate and get depreciated over 27.5 years. It is not eligible for SEC 179 or SDA. Since it was more than $2,500 it's also not eligible for safe harbor.
‎February 21, 2023
10:03 AM