Bonus Depreciation 2024 Rental Property Tax Act. The tax cuts and jobs act has changed that rule, and now you can use bonus depreciation for purchases of new or used property starting in 2018. Otero served as a reit portfolio manager at eii capital management (eii).

The 2024 tax year introduces specific requirements that businesses must meet to qualify for bonus depreciation, reflecting the ongoing adjustments in the tax code. Extension of 100% bonus depreciation.