randykcpa
Level 1
12-07-2019
02:04 AM
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Overthinking this and factoring in technical glitch on qualified improvement property (which I believe is a separate issue). Land improvement is land improvement - 15-year property and eligible for bonus depreciation.
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TaxGuyBill
Level 15
12-07-2019
02:04 AM
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Yep, it is eligible for Bonus.
randykcpa
Level 1
12-07-2019
02:04 AM
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Thanks! Got some conflicting feedback. It's not 'qualified improvement property' which is not eligible for 168 bonus but is eligible for 179. It's 15-year macrs and 'qualified property'. That's my story and I'm sticking to it.
TaxGuyBill
Level 15
12-07-2019
02:04 AM
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Yep, I agree.
