It depends. Assuming the residential real estate improvement is a rental (if it was personal use there would be no depreciation), the applicable recovery period determines whether or not the "improvement" to the property is eligible for bonus depreciation.
Those improvements that have a 15 or 20 year recovery periods are eligible for bonus depreciation. Anything longer than that is not eligible for bonus depreciation.
Also, improvements do not qualify if they are attributable to:
- the enlargement of the building,
- any elevator or escalator or
- the internal structural framework of the building.
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