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Investors & landlords
OK - so 27.5 year property (like HVACs, water heaters, kitchen cabinets) over $2500 are not eligible for section 179, bonus depreciation, or de minimum safe harbor election. Got it.
What about Paint? Is it a 27.5 yr asset? I seem to find different answers.
‎January 25, 2021
3:49 PM