Bonus Depreciation 2024 Real Estate

Bonus Depreciation 2024 Real Estate. The bill delays the beginning of the phaseout of 100% bonus depreciation from 2023 to 2026. But instead, it allows you to take 100% of the accelerated benefit and utilize it all in year one of ownership.

To qualify, the property must be placed in service before december 31st of the year in which. The bonus depreciation deduction under section 168(k) begins its phaseout in 2023 with a reduction of the applicable limit from 100% to 80%.