Tax Code Updates Mean Cost Segregation Studies Are More Important Than Ever


Tax Code Updates Mean Cost Segregation Studies Are More Important Than Ever


The Tax Cuts and Jobs Act of 2017 sent ripples through commercial real estate, thanks largely to the revelation of opportunity zones. But a few TCJA tax code changes could be even more influential. One that has tax professionals abuzz is bonus depreciation, which can save large amounts of money no matter the project.

Bonus depreciation allows taxpayers to write off a portion of an asset in the year it was acquired as long as that asset has a sufficiently short life span. Personal property like plumbing systems, for instance, have a shorter life span than a building structure itself, and can be written off. The TCJA doubled bonus depreciation on eligible assets, from 50% all the way to 100%...

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RSK: This may help rectify the tax code 39-year depreciation mistake in the above article but not all of it.

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- - Volume: 7 - WEEK: 12 Date: 12/3/2021 6:11:37 PM -