The WealthAbility Show with Tom Wheelwright, CPA cover image

Real Estate Expert [3/7 Series]

The WealthAbility Show with Tom Wheelwright, CPA

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How to Calculate Bonus Depreciation for Residential Property

The categories of items that are qualified for bonus depreciation is basically anything that's under 20 years. So let's take 30% because I can do that math. And now typical doctor, if you now not in Texas, but in states where they have tax, what would be a typical tax rate? Boy, if you're in some other states, my colleagues until they're pushing 50% and over with state taxes. You're looking at 37 at 39% plus the Obamacare tax plus state tax. It's a big hit.

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