RobertB4444
Employee Tax Expert

Investors & landlords

No, you can't take section 179 or bonus depreciation on residential real estate UNLESS it is a business.  And since this sounds like it is your only rental property you probably don't qualify to use your rental property as a business.

 

Section 179 requires that the rental property be a business, bonus depreciation requires that the item have a useful life of less than 20 years.

 

Here is a discussion about the rules to qualify your rental property as a business.

 

@garycarols 

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