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Until someone understands the distorting effect of "bonus depreciation" which was added to the tax regs in 2017, and adjusts for that in their article, I view i
by shrubble 3y ago
Until someone understands the distorting effect of "bonus depreciation" which was added to the tax regs in 2017, and adjusts for that in their article, I view it with skepticism.
- lotsofpulp 3y agoSince buildings were and are not eligible for bonus depreciation, nor is land, how do those tax changes in 2017 TCJA affect urban density and home prices?
- shrubble 3y agoSo you go over the property and you say that interior property items like stove, fridge, molding, other improvements (not repairs) are separate items from the real estate. For instance, "kitchen $20,000" -this can now be written off immediately. To my mind it explains partially the luxury condo drive... the bonus depreciation is in those luxury parts which can be broken out and depreciated 100% in the first year of ownership.