Special Depreciation for Asset -- RV Rental

[tara_nj]

I purchased a brand new RV in late 2022 and began using it for a rental business in 2023. When I entered all the info for the asset, as well as reported the income I made on the business this year, I was guided to take a really significant one-time "special depreciation". It makes me a bit nervous because it results in a huge refund due to me, which doesn't feel right. For reference, I do have a loan on the RV that I currently make payments on. And I separately reported the interest paid on that loan as a deduction. Does that sound right?

[Anonymous_]

Bonus depreciation is optional; you can still choose a method spreads the deduction over the recovery period.

The interest would be an expense separate and apart from your cost basis (cost recovery).