Question

Would adding metal storage buildings to an existing commercial property qualify for the bonus depreciation where you can take 100% ?

Forum|Forum|6 years ago
May 16, 2020
1 reply
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We have an existing commercial strip center but added metal storage buildings on the property, do these qualify for the special or bonus depreciation since they have a less than 20 depreciation period?

TurboTax Online

VictoriaD75

No. A metal storage building is not related to the interior of the building, so cannot be considered an improvement. Improvements qualify for the 100% bonus depreciation if placed in service after 12/31/17.

IRS Depreciation Rules

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