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Sanity check: 15-year land improvement (new driveway) for residential rental property: eligible for bonus depreciation under new rules?

randykcpa
Level 1

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

Yep, it is eligible for Bonus.

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3 Comments 3
TaxGuyBill
Level 15

Yep, it is eligible for Bonus.

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randykcpa
Level 1
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.
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TaxGuyBill
Level 15
Yep, I agree.
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