Bonus Depreciation

[Super Mom]

In reference to the "ordering rules" in TTB under the bonus depreciation chart. I am understanding that first I take any 179 allowable, then 50% of whatever is left on qualifying property, right?

[Super Mom]

In reference to the "ordering rules" in TTB under the bonus depreciation chart. I am understanding that first I take any 179 allowable, then 50% of whatever is left on qualifying property, right?

Let me clarify what I'm looking at, the property definitely qualifies for 179 and bonus. Thinking use 179 to zero out income, then 50% of what's left to make a loss. Is this right?

[smithtax]

Correct

Haven't looked at TTB, but you are correct. 179, then bonus, then normal depreciation.

[Super Mom]

Thanks wanted to be sure, the loss was concerning me!