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Investors & landlords
@Carl wrote:....it gets classified as residential rental real estate and depreciated over 27.5 years. With that classification it's flat out not eligible for SEC179 or the Special Depreciation Allowance (SDA).
It is still eligible for the de minimis safe harbor election if the cost does not exceed the $2,500 threshold (not sure what the SDA has to do with this scenario).
‎February 26, 2022
7:22 AM