Depreciation on HVAC $9,800 for residential rental property

[Jiggers]

My understanding is that this is depreciated over 27.5 years.

Does it qualify for SEC 179 or the 100% Bonus Depreciation.

Researched in TaxBook and couldn't find anything definitely.

[TaxGuyBill]

Yes, it is depreciated over 27.5 years (assuming you are not using ADS), but NO, it does not qualify for §179 or Bonus.

[TAXNJ]

See The TaxBook p. 9-8 if it may or may not apply to your scenario:

Section 179 Qualifying Property

The following property used more than 50% in a taxpayer’s trade or business and acquired by purchase may be claimed as a Section 179 deduction.

• Tangible personal property. For example:
  • Machinery, equipment, and furniture. Exceptions apply.
  • Livestock not treated as inventory. See Farm Inventory, Tab 5 .
  • Gasoline storage tanks and pumps at retail service stations.
  • Portable air conditioning or heating units.
  • Property such as ranges, refrigerators, or furniture used in connection with furnishing lodging such as residential rental property if placed in service after December 31, 2017.
• Qualified real property.
  • Qualified Improvement property. See Qualified Improvement Property, page 9-11 .
  • Certain nonresidential real property improvements placed in service after the nonresidential property was first placed in service. Qualifying improvements are roofs, heating, ventilating and air-conditioning (HVAC) property, fire protection and alarm systems, and security systems.
• Other tangible property (except buildings and building components) used as an integral part of manufacturing, production or extraction or of furnishing transportation, communication, electricity, gas, water, or sewage dispos..........

[terryats]

Might be eligible for small rental safe harbor. Section 1.263(a)-3(h)(5) Link:https://www.bradfordtaxinstitute.com...1_263a-3h5.pdf