IRS clarifies bonus depreciation treatment

September 30, 2019

On Sept. 13, the IRS finalized regulations proposed in August 2018 and issued new proposed regulations governing the 100% bonus depreciation deduction under Sec. 168(k), which was amended by the Tax Cuts and Jobs Act.

REG-106808-19 contains new provisions not addressed previously. Both sets of regulations have been posted to IRS.gov and published in the Federal Register. Get more details here.

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