William Kastin P.C., Bahar Schippel P.C. In general, improvements to non-residential real property have a 39-year depreciation recovery period. Prior to the TCJA, an additional first year bonus ...

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In a bid to incentivize the development of affordable housing, New Jersey has implemented a significant policy change. Effective from the tax year beginning on January 1, 2025, the state now offers ...

`Better late than never” seems to be the IRS motto. — Taxpayers who purchased depreciable property such as rental houses, apartments, offices, and commercial buildings after May 8, 1985, need the new, ...

Bloomberg BNA released an update of its BNA Fixed Assets Web software, version 2015.0, to help customers comply with the recently passed Tax Increase Prevention Act of 2014. The update addresses the ...

Depreciation is a backward-looking convention. Manufacturers instead need to incorporate a forward-looking, continuous evaluation of capital replacement costs into their strategic, market and risk ...

Bought a rental house in 2011 and would like to use the cost of my inspection report to reduce the basis. Is this allowed? I cannot find anywhere on the forms to put this. I'm assuming this should be ...

Feb 14 (Reuters) - Australia's Woodside Energy Group (WDS.AX), opens new tab said on Tuesday it would book a nearly $4.4 billion expense this year, as changes in its asset depreciation calculation ...