Coni Rathbone explains how the One Big Beautiful Bill Act (OBBBA) extends the Qualified Opportunity Zone (QOZ) program with ...

The straight-line basis is sometimes, but not always, used to calculate depreciation, which is why the IRS states that “certain intangible property, such as patents, copyrights, and computer ...

Discover how UAE's Ministerial Decision No. 173/2025 empowers real estate firms to deduct depreciation on fair-valued assets, ...

There are some limitations to the application of bonus depreciation, however. If a §754 election is in effect, a basis step-up under §743 (b) will qualify for bonus depreciation only if the ...

Generally, the proposed regulations provide that bonus depreciation for any such increase in basis of qualifying property is to be computed at the bonus depreciation rate in effect for the taxable ...

It's the starting point from which you figure depreciation, capital gains on sales and losses from theft or fire, among other things. Usually the tax basis of an asset is the cost.

Continuing with this example, the $200,000 value would have been used to determine the cost basis and calculate the depreciation expense amount deducted every year that you rented out the property ...

For example, a building purchased in 1990 may be subject to a 39 year depreciation schedule, so 2.5% of the original depreciation basis in the building can be used for 39 years to allow Section ...