This session will cover a range of depreciation related topics specific to the Tax Cuts and Jobs Act including:
• Determining the best depreciation method for real estate improvements.
• Determining which cost recovery method is best in specific client situations.
• Applying the new rules for de minimis expensing updated for affects of the Tax Cuts and Jobs Act.
• Applying the new rules for expensing real property under the Tax Cuts and Jobs Act.
• Reviewing depreciation recapture rules that apply to bonus depreciation, §179 and the de minimis rules.
• Determining when a rapid method of cost recovery shouldn’t be used.
Course Publication Date:
October 17, 2019
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or
webinar membership or can be purchased for
$20.00!
| Author: | Greg White |
| Course No: | TAX-FASTDEPN-14399 |
| Recommended CPE: | 2.00 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Taxes
Webinars - On Demand
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Learning Objectives
- Identify the three types of “lightning fast” depreciation.
- Identify the years over which bonus depreciation will phase out.
- Recognize the steps involved in allocating the purchase price of real property used for investment or business purposes.
- Calculate the allocation of real property purchase price to components of real estate improvements.
- Identify property and labor payments that qualify for de minimis expensing.
- Identify situations in which each of the “lightning fast” methods works best.