I receive $16500 in rental income for the year.  I remodeled the rental property this year at a tune of $17000.  I also pay the mortgage and 10% to a property management company.  
Because I have put so much time into the property and seeking/ buying other properties, I can qualify to be a real estate professional to offset my spouse’s income up to $25k.  
I would like to buy a truck to use for my rental and potentially other rentals as well. 100% business use. 
I am looking at $12k for a Ford F150 (6000lbs).  My question is, can I also use bonus depreciation for100% of the truck cost to max out the losses against my rental and off set our personal income? Do I have this information correct? 

You can use bonus depreciation to 100% depreciate a truck that is new to you until 2022.

Thank you, James!

Originally posted by @Jeri Herrera :

I receive $16500 in rental income for the year.  I remodeled the rental property this year at a tune of $17000.  I also pay the mortgage and 10% to a property management company.  
Because I have put so much time into the property and seeking/ buying other properties, I can qualify to be a real estate professional to offset my spouse’s income up to $25k.  
I would like to buy a truck to use for my rental and potentially other rentals as well. 100% business use. 
I am looking at $12k for a Ford F150 (6000lbs).  My question is, can I also use bonus depreciation for100% of the truck cost to max out the losses against my rental and off set our personal income? Do I have this information correct? 

 Qualifying as a real estate professional requires 750 hours in a qualified trade and more than 50% of your service time in that trade. This averages out to 14 hours per week spent at the rental property and assumes less than 14 hours per week in another business or trade. If you have a non-real estate W2 job and work more than 14 hours a week, you don't qualify. 

I am also pretty sure you will have trouble justifying being  real estate professional with one renal property that you don't even manage. Paying the mortgage is not considered active participation.

The other issue is you can only 100% claim the truck if it is used 100% for business. Trying to justify to the IRS that you need a truck for one rental property is going to require lots of proof. Generally for one property, you would just claim mileage. 

Talk to a CPA before doing what you are considering, because from what you have described this would be trouble if you are audited.

I have tracked my hours and have over 450 since it was a gut remodel. I have other coals in the fire and plan to acquire another rental and build a duplex this year. I should be good on hours, as this is my full time job now. 
I just wanted to know if my thinking is correct to utilize both tax advantages.   As I set up my rentals and build I want to ensure I set up a proper tax plan as well.  

Don't forget you will owe self-employment taxes as a result of being a professional.  They take a big bite.

@Jeri Herrera

I believe this is a good question for your tax accountant. I’m pretty sure if you buy a vehicle that you would be depreciating the vehicle for X years. Not so sure if you can take the depreciation all in 1 year. 

Originally posted by @James Mc Ree :

Don't forget you will owe self-employment taxes as a result of being a professional.  They take a big bite.

 Being a RE pro does not make your rental income subject to self employment tax. 

If you work any kind of 9-5 job you may not qualify for RE pro. 

It's 750 hours AND more time on REI than any thing else.

IF you do qualify, you could utilize bonus potentially on a truck. It has to be mostly business use, and that wil limit the deduction. 

If it's 20% personal miles you'll only get 80% write off 

@James Mc Ree

Last I checked with my CPA as well as another CPA, passive income (rental income) doesn’t automatically become active/earned income simply because one qualifies to be considered a RE professional.

Self-employment taxes is owed on earned income (W2 or from active flipping of homes for profit)

@Natalie Kolodij

Thanks for clarifying yet again (you had cleared this up for me on another discussion and my CPA also confirmed).

I stand to use 100% bonus depreciation that offsets W2 income because of my qualifying RE Professional status. Been tracking my RE activities diligently and am surprised how slowly the 750 hours accumulate.