The Internal Revenue Service classifies most commercial real estate as "Section 1250" property, subject to the depreciation and capital gains rules for this type of property. However, land is not ...

While much of the budget reconciliation bill remains unsettled, at least one element could greatly benefit commercial real ...

The 'One Big Beautiful Bill Act' (OBBBA) marks a significant shift in U.S. tax policy, offering a 100% depreciation allowance for qualifying commercial real estate. Signed by President Donald Trump on ...

`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 ...

President Donald Trump’s tax bill that passed the senate would restore a full bonus depreciation for qualified real estate ...

Tax credits are important for businesses aiming to maximize profitability and sustainable growth. Bonus depreciation is a key tax provision that has gained considerable attention. It enables companies ...

Depreciation must be reported on IRS Schedule E and filed with your tax return. ... ($160,000 for the building + $40,000 for the land). ... and is used in valuing commercial real estates, ...

On Friday, December 23, 2022, the IRS published Announcement 2023-1, 2023-1 IRB 1 (the “Announcement”), which sets forth a new reference standard for energy efficient commercial building ...