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emc011075
emc011075, Tax adviser
Category: Tax
Satisfied Customers: 2317
Experience:  IRS licensed Enrolled Agent and tax instructor
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I want to know how to depreciate a replacement air

Customer Question

I want to know how to depreciate a replacement air conditioning system on a rental property
Submitted: 1 year ago.
Category: Tax
Expert:  emc011075 replied 1 year ago.

Hi. My name is ***** ***** I will be happy to help you.

Replacement of air conditioning system will be depreciated over 27.5 years, same way as the house.

Expert:  emc011075 replied 1 year ago.

Unfortunately property used in residential rental will not qualify for any bonus depreciation or section 179.