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Investors & landlords
One significant limitation on Section 179 was that it WAS never been available for rental property owners to use to deduct the cost of PERSONAL PROPERTY used in residential rental units. In a major victory for landlords, the TCJA eliminated this restriction starting in 2018...personal property only, flooring is NOT personal property; it is part of the building, i.e., Real Property. This means 27.5 years depreciation.
‎April 2, 2025
7:23 AM