Sect 179 as it pertains to rental property
Hi guys,
Tax question for you:
Just curious as someone mentioned that I could utilize Sect 179 of the tax code to take depreciation in the same year instead of capitalizing it over X years on certain items pertaining to my rental property. They also mentioned something about bonus depreciation as well..... I just don't see this being possible.
Can any of the Tax experts shed some light on this? I am thinking this person is incorrect as if this was the case I am sure it would have been discussed here and I would have know about it....
As always thx in advance,
Chris