Partnership bonus depreciation

[MDavis1506]

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.

[sjrcpa]

Buildings are not eligible for bonus depreciation.

[sm965897 · Accepted solution]

Your interpretation is correct. If this asset type is entered on the asset entry worksheet, the program will not allow you to select bonus depreciation since it is not a qualified property type. 

[MDavis1506]

Thank you for confirming my research.  Much appreciated.