Description
How do I treat a property transaction?
You'll be able to answer this question after taking a focused look at the IRS cost and repair regulations. With an understanding of capitalized cost and depreciation rules, you can help your clients achieve significant tax savings. You'll also learn about the rules for:
Depreciation
Amortization
Like-kind exchanges
Involuntary conversions
Business property sales
Property-related timing issues
Planning opportunities
What's going on with capitalized costs and depreciation?
Course materials cover the latest legislation, including:
The requirement to capitalize and amortize Section 174 research and experimentation expenditures
Changes to bonus depreciation levels starting in 2023
The technical correction issued in the Coronavirus Aid, Relief, and Economic Security (CARES) Act