Crucial Real Estate Insights Part 2: Depreciation and Partial Dispositions (Currently Unavailable)

Author: Greg White

Join Greg White, CPA, as he covers crucial strategies for recovering the cost of real estate including bonus depreciation, section 179, and the de minimis rules. Which of these is the best recovery approach? We’ll spend time discussing picking just the right recovery method for your client’s circumstances. Finally, we’ll cover partial disposition losses; not just the basics, but also how to compute the write-off quickly, and how to make the election.

Publication Date: July 2020

Topics Covered

• TCJA: Fast Depreciation
• De Minimis
• Required Book Conformity: De Minimis
• Improvements and the De Minimis Rules
• TCJA and Bonus Depreciation
• Section §179
• §179: Qualified Real Property
• QRP Must Be an Improvement
• Roles: Fast Write Off Rules
• Like”Kind Depreciation: To Elect or Not to Elect? That is the Question
• Mixed”Use Property: Residential? Or Nonresidential?
• Mystery of the Two Depreciating Roofs
• Partial Dispositions and §179
• Repair or Capital Expenditure?
• Tangible Property: Removal Costs

Learning Objectives

• Identify different options for depreciating real property and the associated personal property
• Recognize how to compute partial disposition losses
• Recognize how to compute depreciation for property acquired in a like-kind exchange
• Identify true statements regarding the de minimis election for a taxpayer that has reviewed financial statements
• Describe qualified improvement property
• Recognize taxpayers who have qualified real property eligible for §179
• Recognize what bonus depreciation is best for
• Describe removal costs

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None