PATAX
Level 15
09-29-2021
03:53 PM
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C Corporation is a real estate lessor... residential rental property has capitalized improvements and expenditures for rental Furnishings like carpet, appliances, excetera... can Section 179 and/or bonus depreciation be utilized for the rental furnishings and/or capitalized improvements?... there is enough income for 179...Tried to research but there are a lot of variables on this one, including that they are a regular c corporation in the real estate lessor business, it is residential property, and type of capitalized assets... thank you for any help I appreciate it...
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