Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions
AUGUST 4, 2023
Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several years. 179 deduction can be claimed for real estate qualified improvement property (QIP), up to the maximum annual allowance. But should you? Importantly, the Sec.