IRS Section 199 deduction

Qualified Improvement Property Depreciation

Earlier this year, Congress finally passed legislation that corrects a drafting error related to real estate qualified improvement property (QIP). The correction is part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The correction retroactively allows real property owners to depreciate QIP faster than before, either 100% the

2021-08-17T17:12:08-06:00November 3rd, 2020|
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