yam51
Level 2
03-08-2021
05:14 PM
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I recently was able to use either Bonus or Sec 179 for a new AC (HVAC) for a commercial property because it's considered QIP 15 year.
Client with a residential rental purchased a new AC unit for approx. $6K. My understanding is that section 179 is not allowed but I thought I could take bonus but the only way is to enter "1" for special depreciation in Lacerte depr screen. Is this correct and bonus is allowed or is the only option the 27.5 years?
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TaxGuyBill
Level 15
03-08-2021
08:24 PM
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Neither Bonus nor §179 is allowed for HVAC for Residential Rental Property.
yam51
Level 2
03-08-2021
10:03 PM
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Thank you!
