MDavis1506
Level 1

In 2020 if a partnership buys and places into service a commercial rental building, can it claim any bonus depreciation?  The partnership has a loss for 2020 before any depreciation is deducted, so it doesn't qualify for Section 179.   My read of the bonus depreciation indicates that any assets with a useful life of greater than 20 years is not eligible for the bonus depreciation deduction.

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