Bonus Depreciation 2024 Rental Property. 31, 2022, and before jan. Since the majority of the personal property that is used within a rental property has a depreciation period of fewer than 10 years, you can use bonus depreciation with it.

Under the new law, the bonus depreciation. Bonus depreciation is a form of accelerated depreciation that allows property owners to make an upfront deduction on the cost of certain business assets, and it’s.