https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/why-doesn-t-turbotax-allow-me-to-claim-100-bonus-depreciation-for-a-4000-new-roof-on-a-rental-under/01/422661#M17399 Tue, 04 Jun 2019 21:16:36 GMT g-johnson 2019-06-04T21:16:36Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/why-doesn-t-turbotax-allow-me-to-claim-100-bonus-depreciation-for-a-4000-new-roof-on-a-rental-under/01/422661#M17399 Tue, 04 Jun 2019 21:16:36 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/why-doesn-t-turbotax-allow-me-to-claim-100-bonus-depreciation-for-a-4000-new-roof-on-a-rental-under/01/422661#M17399 g-johnson 2019-06-04T21:16:36Z https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-irs-regulations-state-that-to-be-eligible-to-qualify/01/422669#M17400 <P>The IRS regulations&nbsp;state that to be eligible to <SPAN>qualify for 30, 50, or 100 percent bonus depreciation, the original use of the property must begin with the taxpayer and the property must be: &nbsp;1) MACRS property with a <B>recovery period of 20 years or less</B>, 2) depreciable computer software, 3) water utility property, or 4) qualified leasehold improvement property.&nbsp;</SPAN><BR /></P><P> <SPAN>Rental property is depreciated over a 27.5 year period so it does not qualify for the bonus depreciation<B>.</B></SPAN> </P><P>The link below has information that you may find useful.</P><P> <A rel="nofollow" href="https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-6-8-bonus-depreciation-considerations" target="_blank">https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-chapter-6-8-bonus-depreciation-considerations</A> <BR /> </P> Tue, 04 Jun 2019 21:16:37 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/the-irs-regulations-state-that-to-be-eligible-to-qualify/01/422669#M17400 Leonard 2019-06-04T21:16:37Z