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Updated 10 months ago,
How much Bonus depreciatiation can I claim
Hi All,
I currently have a W2 income and bought a STR. Let's say I put in 100 hours and qualified for bonus depreciation. I am trying to figure out how much depreciation I can claim against the property value.
Ex: Property Price - 1 million (Land: 200k + Building: 800k)
Can I claim 800k * 60% = 480k as bonus depreciation in 2024?