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Updated 11 months ago,
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.