stzobery
New Member

I have 3 rental properties bought 2018, and I would like to partially 'elect out' of bonus depreciation of the 5yr assets of ONLY one of the properties. Can I do it?

See attached highlighted screenshot from IRS. As I have 3 rental properties, it is not clear what does it means that election "applies to all qualified property that is in the same class of property...". By electing out on one property, does it obligate me to not take bonus depreciation for 5 yr asset class also for the other 2 properties?