Air BnB Furniture Write-off

[Logan Fast]

I remember someone telling me that the new tax code lets you write-off furniture that you buy for properties under the "hospitality" category (ie. short term rentals). Can someone point me in the right direction and explain any nuances relating to this part of the code? I am looking to upgrade my furniture for my air bnb units and I'm trying to figure out the most cost-effective way to do this.

[Ashish Acharya]

@Logan Fast, 

What they might be talking about might be that going forward We can take section 179 deduction on the purchase related to lodging. We are still waiting on more guidance on that. 

But, even without that new provision, you should be able to write 100% of your purchase under bonus depreciation. 

Also, section 179 is limited to income so most of the small RE invertor might have problem using it even if they could. 

Research more on 100% bonus depreciation.