Do you own a commercial rental property?
Do you rent office or retail space?
Whether you are a commercial landlord or a tenant, you should consider making and placing in service “qualified leasehold improvements” before midnight December 31, 2013.
Why
Let’s examine the deductions for making a “qualified leasehold improvement” in 2013 versus making the same improvement in 2014, when big tax breaks are gone.
2013 | | 2014 |
15-year depreciation Section 179 deduction of up to $250,000 50 percent bonus depreciation | | 39-year depreciation |
No question: Big difference.
Think about it. Say you spent ... Log in to view full article.