Bonus Depreciation: Offsetting Passive Income
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Bonus Depreciation: Offsetting Passive Income

What is bonus depreciation, and how does it offset passive income?  Bonus Depreciation is a tax incentive put into place by Congress to speed up the depreciation of a  property allowing taxpayers to immediately reduce their short-term taxable income by the cost of depreciable assets. Bonus depreciation is also referred to as accelerated depreciation or…