I know there are a lot of issues with this bill, but I’m only talking about bonus depreciation
Summary
This video discusses the potential for permanent bonus depreciation in the US and the benefits it could bring to short-term rental hosts. Bonus depreciation allows hosts to deduct a large portion of an asset's cost in the year of purchase, which can significantly reduce taxable income. The speaker emphasizes that while the proposal has passed the House, it still needs to pass the Senate to become law.
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Curated by Learn STR by GoStudioM