Investors & landlords

Yes, you can take Section 179.

This, from IRS Publication 946, How to Depreciate Property:

To be depreciable, the property must meet all the following requirements. 

• It must be property you own. 

• It must be used in your business or income-producing activity.

• It must have a determinable useful life. 

• It must be expected to last more than one year. 

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