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Oh, sorry I thought the article had more detail. There is an accelerated depreciate for car washes that runs out in 2026 I think.
by sroussey 3y ago
Oh, sorry I thought the article had more detail.
There is an accelerated depreciate for car washes that runs out in 2026 I think.
- sroussey 3y agoHere is a better article: https://engineeredtaxservices.com/the-unique-benefits-of-cost-segregation-for-car-washes/ https://engineeredtaxservices.com/the-unique-benefits-of-cos... > The Tax Cuts and Jobs Act (TCJA) of 2017 made a significant change in this area, currently allowing businesses to write off 80% of the cost of qualifying property in the year it's placed in service Why depreciate over 39 years when you can do 80% in one year.
- gunapologist99 3y agoSame article, right? And there's nothing in there to do with car washes specifically, though? Just general MACRS etc?
- sroussey 3y agoNot the same article. The tax act of 2017 has special provisions where almost nothing but car washes qualify.