I read on several tax blogs that air conditioners are now acceptable for section 179 deductions. I own 5 rentals but even with property managers I have had to deal directly and pay these AC services, for 2 central AC units this year. But if I take 100% under 179, these will have a loss and I am not sure if I should do a partial 179 for both since I don't know what happens to the excess loss. I don't understand how bonus depreciation fits into this and how it is different. I own the properties but have no LLC or corp or anything, so I assume that means I am a sole proprietor and qualify?
