According to various accounting/ tax sites PATH Act 'Section 124. Extension and modification of increased expensing limitations and treatment
of certain real property as section 179 property....... The provision modifies the expensing limitation....by treating
air conditioning and heating units placed in service in tax years beginning after 2015 as eligible
for expensing.'
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For residential rental property reported on Schedule E, assets used there are specifically not eligible for Section 179 expensing. This would include any rental assets along with capital improvements.
For residential rental property reported on Schedule E, assets used there are specifically not eligible for Section 179 expensing. This would include any rental assets along with capital improvements.
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