Bonus Depreciation Advice

[Elle Bindra]

Hello Bigger Pockets community,

Need some advice/recommendation.

I am about to undertake two rehab projects - first one would be an Airbnb rental and the other would have annual residential leases.

Both properties have varying degrees of work but will need: new roof(s), front- and back-porches, remodeled and refaced kitchens and bathrooms, new floors, plumbing, HVAC , etc.

Questions:

1. I am told that we could use Section 179 to deduct some of the expenses from the Airbnb property so long as we don't create a loss
2. I have a peripheral understanding of Bonus Depreciation - but looking for guidance on how this would work and what would both of these properties qualify for the deduction and at what amortization schedule [year 1 or longer]?

Thank you much for your advice and introductions in advance.