by Kevin Jerry | Jun 6, 2023 | Bonus Depreciation
Don’t Understand Bonus Depreciation? Before 2001, an improvement to the interior of a commercial property was depreciated over the life of the building—usually 39 years. As part of the Economic Stimulus in 2001, §168(k) was passed (§168 is the Accelerated...
by Kevin Jerry | Dec 19, 2022 | Bonus Depreciation, Tax Cuts and Jobs Act
Gas stations and convenience store (c-store) properties that qualify as a ‘retail motor fuel outlet’ can be depreciated over fifteen years. The standard depreciation life for a commercial property is 39 years. However, the Tax Cuts and Jobs Act passed in...
