See attached Turbo Tax screenshot. Seems a mistake based on some CPAs responses. You don't need to be the original user (new) to claim 100% bonus depreciation on a 5 yrs assets of residential rental property. Please advise.
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TT simplifies the IRS rules ... read the entire section here :
The definition of property eligible for 100 percent bonus depreciation was expanded to include used qualified property acquired and placed in service after Sept. 27, 2017, if all the following factors apply:
TT simplifies the IRS rules ... read the entire section here :
The definition of property eligible for 100 percent bonus depreciation was expanded to include used qualified property acquired and placed in service after Sept. 27, 2017, if all the following factors apply:
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