Did you allocate the plumbing cost to the entire home? You should report only the portion that services your business. The majority of this cost would either be a repair expense or increase your basis in the home.
Bonus depreciation is "a special depreciation allowance to recover part of the cost of qualified property placed in service during the tax year. The allowance applies only for the first year you place the property in service. The allowance is an additional deduction you can take after any section 179 deduction and before you figure regular depreciation under MACRS for the year you place the property in service."
TurboTax will offer this bonus depreciation during the asset interview sequence if your property qualifies for this special allowance. Because this type of depreciation can be "recaptured" as ordinary income when you sell the asset, taking this additional deduction is optional.
See IRS Pub 946: Claiming the Special Depreciation Allowance
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