Can't you depreciate 100% of the washer in 2022 if you choose? You are correct that 2023 is the beginning of the deduction phasing out, hence 80%, rather than 100% for 2022 (the taxes most people are doing right now). You could also expense 100% of the washer as a Section 179 expense, if so elected.
Hi, very helpful video! I got a question that if the owner can only claim bonus depreciation only the first year placed in service? I'm asking because I have properties placed in service during year 2021 and never used bonus depreciation, so I'm wondering if I can still use bonus depreciation. Thank you!
