Thank you for you quick reply. Are you familiar with using the 100% bonus depreciation rule? I read that the bonus depreciation allows an investor to deduct the full cost of capital improvements in the same year the expense is incurred. It's my understanding that this rule expires at the end of 2022 and the bonus is scheduled to be phased out by the end of the 2026 tax year. Do you know how I can take advantage of using the 100% bonus depreciation rule. And if so, how do I apply this rule in TurboTax?
