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Bonus depreciation limit?

WCMCFP
Level 2

Is there any limit to 100% bonus depreciation (not Sec. 179)? $4 million profit before depreciation with $3 million of equipment qualifying for 100% bonus depreciation = $1 million taxable?

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TaxGuyBill
Level 15

There is not limit.  If the assets qualify, you can claim the full amount.

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1 Comment 1
TaxGuyBill
Level 15

There is not limit.  If the assets qualify, you can claim the full amount.

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