Lovisa 06:11 AM 01-03-2018
I've read through many of Tom's articles and can't make heads or tails of how I go about depreciating the new HVAC I am having put on my house next week. Do I depreciate it over the 39 years or do I first deduct 50% of it, then depreciate the rest at the 39 years??? Basically, I don't know if a HVAC qualifies for the 50% bonus depreciation. Thanks in advance for any help!