No, Indiana does not conform to federal bonus depreciation. Your accountant should be aware of this and will file seperate depreciation schedules.
A Self Storage Facility purchased for $697,684 in Indiana
Purchase Price
$697,684
Land Value
$155,380
22.3% of total
Year In Service
2022
Tax Savings
$88,224
12.6% of purchase
Through a detailed engineering cost segregation study, this Self Storage Facility owner in Indiana accelerated depreciation on qualifying components - turning $88,224 of locked-up basis into immediate tax deductions and improved cash flow.
