Ailyn Giuditta

Bonus Depreciation 2024 Rental Property Tax. For the third quarter of fiscal year 2024, total net revenue was $63.3 million, compared to total net revenue of $52.5 million. While section 179 provides an upfront deduction up to a certain limit, bonus depreciation.

 — depreciation deductions for rental property are allowed until all costs have been recovered or the owner no longer rents the property (e.g., it’s sold, destroyed, or.  — bonus depreciation only applies to items that are depreciated for 20 years or less.