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 ...

Among other things, the OBBBA permanently reinstates 100% bonus depreciation under Section 168(k) for qualified property placed in service after January 19, 2025, raises the Section 179 expensing cap ...

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 ...

Calculating depreciation involves determining the property’s basis and applying the right method. Depreciation must be reported to the Internal Revenue Service (IRS) on Schedule E.

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 ...

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