Looking at Investing in a Gas Station or Convenience Store? You must read this.
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 2017 (TCJA) allows for 100% bonus depreciation of qualified property with a recovery period …
Looking at Investing in a Gas Station or Convenience Store? You must read this. Read More »