Real Estate/Development
Jan. 28, 2003
Accelerating Depreciation Helps Unlock Tax Savings Hidden in Buildings
BY ERIC JOHNSTON Many property owners make the mistake of depreciating a building's entire cost as real property. That can be expensive. Chances are, a portion of what is being depreciated as real property is considered personal property under the Modified Accelerated Cost Recovery System, the tax depreciation system that applies to most tangible property placed in service after 1986.
Many property owners make the mistake of depreciating a building's entire cost as real property. That can be expensive. Chances are, a portion of what is being depreciated as real property is considered personal property under the Modified Accelerated Cost Recovery System, the tax depreciation system that ap...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In