PatriciaV
Expert Alumni

Investors & landlords

Residential Real Property is not eligible for Special Depreciation. This includes the building and any improvements.

 

However, appliances, furnishings, and equipment used in a Rental Property are eligible for Special Depreciation in the year they were purchased and placed into service.

 

TurboTax makes this determination based on your choice under "Describe this Asset".

 

See also: IRS Pub 946: Special (Bonus) Depreciation

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