Hi,
im confused about the “special depreciation allowance” I’ve read about for rental properties acquired and placed into service for the first time in 2019 (built and am now renting a backyard ADU). Can someone help me understand what it means? Under what instances would it be helpful to use, or am I using it by default since my property meets that definition? Do you use it on all your depreciation expenditures? Thanks if you can help.
