In advance, THANK YOU for helping me with this! Does a residential rental qualify for either the 179 deduction or the special depreciation allowance? I understand the home itself is depreciated straight-line over 27.5 years. We lost our tenant of 10 years in 2024 and were left needing serious upgrades to the inside of the home (new flooring/countertops/fireplace insert/mouse infestation mediation/etc.). I have read and re-read Pub 946 and am still not certain how to proceed with depreciation of these repairs. Again, I appreciate your guidance on this!!
