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Updated 12 months ago on . Most recent reply
Bonus Depreciation for 2024 and short term rental loophole
Does anyone know with the recent Tax Cuts and Jobs act for 2024 if bonus depreciation of 100% has been extended to 2026 for short term rentals? I believe it was scheduled to go to 60% this year. I am wondering because I am contemplating using the short term rental loophole this year. Thanks for any information.
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
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#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#2 Short-Term & Vacation Rental Discussions Contributor
- Olympia, WA
It's not a loophole. It is just the law.
Loopshole - A way of avoiding or escaping a cost or legal burden that would
otherwise apply by means of an omission or ambiguity in the wording of a
contract or law.