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Investors & landlords
Carl - Very helpful info here.
1. What is the official start date for depreciation - "Date of Conversion" or "In service date?"
2. Hypothetical example here, but if I understand what you are saying about the tax code correctly, could someone have declared their "date of conversion" and "in service date" as 12/31/22 and then taken the whole 100% bonus depreciation for 2022?
Thank you!
RickM
‎August 4, 2023
7:56 AM