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Updated almost 11 years ago, 12/27/2013

User Stats

838
Posts
295
Votes
Chris Masons
  • Investor
  • Union, NJ
295
Votes |
838
Posts

Sect 179 as it pertains to rental property

Chris Masons
  • Investor
  • Union, NJ
Posted

Hi guys,

Tax question for you:

Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain items pertaining to my rental property. They also mentioned something about bonus depreciation as well..... I just don't see this being possible.

Can any of the Tax experts shed some light on this? I am thinking this person is incorrect as if this was the case I am sure it would have been discussed here and I would have know about it....

As always thx in advance,

Chris

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