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Updated over 1 year ago,
Tell me if our SFH would be eligible for ANY bonus depreciation after a cost seg
Based on the facts that follow, please let me know if you think our SFH would be eligible for ANY amount of bonus depreciation after a cost seg study is completed.
SFH purchased brand NEW from Ashton Woods (the builder of the community). Purchased May 2017. Lived in as a primary residence. Placed in service as a long-term rental May 2018. Has been a rental property ever since.
Based on the well known 9/27/2017 cutoff date, we clearly do not qualify for 100% bonus depreciation. But do we qualify for any level of bonus depreciation? How much and through what methodology. We have read notes about 50% bonus or 40% bonus being available to us, because the home was purchased new.