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Updated over 4 years ago,

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4
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Jeri Herrera
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4
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Bonus depreciation and real estate professional

Jeri Herrera
Posted

I receive $16500 in rental income for the year.  I remodeled the rental property this year at a tune of $17000.  I also pay the mortgage and 10% to a property management company.  
Because I have put so much time into the property and seeking/ buying other properties, I can qualify to be a real estate professional to offset my spouse’s income up to $25k.  
I would like to buy a truck to use for my rental and potentially other rentals as well. 100% business use. 
I am looking at $12k for a Ford F150 (6000lbs).  My question is, can I also use bonus depreciation for100% of the truck cost to max out the losses against my rental and off set our personal income? Do I have this information correct? 

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