Re: Special, Bonus and 179 Depreciation and Rental Loss Limitations

Special, Bonus and 179 Depreciation and Rental Loss Limitations

I have a vacation home I rent part of the year and live in other times of the year. Since I have rental Loss Limitations should I use one of Accelerated depreciation's and carry the loss forward or am I better off using regular depreciation?

posted

Suspended losses can be carried forward indefinitely so I would tend toward taking depreciation on the most accelerated basis that you can.

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Business Car. Took special depreciation on year 1. Went below 50% on year 2 so I recaptured. Now. I want to convert to personal use. How do I show that for coming year?

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