Your business use for the tractor is 50%. You will enter it as a vehicle purchase under your rental property for the year you bought it. When you enter it the system will ask you what type of vehicle it is, how much you paid for it, and what percentage of the time it is devoted to the business.
If you qualify for the increased depreciation then you will be able to deduct 50% of the cost of the tractor this year.
If you don't qualify then you will depreciate it over 5 years.
The system will select the best option for you.
@99sld
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