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Self-Study Courses

Lightning Fast Depreciation: The World of Federal Taxation

2 CPE Credits $41.00/credit hour
★ ★ ★ ★ ★ 5.0 (2 ratings)
Join Greg White, CPA, as he walks through strategies for purchasing real estate, including written allocation provisions. He’ll also discuss how to easily and inexpensively break out the purchase price apportioned to improvements into its components: building, land improvements and personal property. He’ll take a deep dive into claiming bonus depreciation, section 179 and de minimis deductions on real estate. Additionally, he’ll review how to deduct remodeling costs of rental properties and owner-occupied business real estate.

You’ll get practical sample documents, including cost segregation information and de minimis policies.

Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card

Publication Date: April 2026

Topics Covered

  • Real estate acquisition allocations
  • Best fast write off method
  • State nonconformity
  • Combining the lightning-fast methods
  • Avoiding phantom income

Learning Objectives

  • Recognize the mechanics of apportioning purchase price among, land, building, land improvements and personal property
  • Identify how to prepare a written allocation of purchase price of real property among its components
  • Identify property that qualifies for bonus depreciation, section 179 expensing and de minimis expensing
  • Identify the appropriate method of depreciation in particular client situations
  • Identify the IRS form that should be used to elect out of bonus depreciation

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None

Instructor

Greg White

Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.
$82.00 / 2 CPE
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