The cost of commercial real estate improvements is typically recovered over the same period as the building itself, a long 39 years with no accelerated depreciation capabilities. The PATH Act changed that and is something that could be extremely beneficial in the commercial real estate world moving forward if planned for properly.
In the August 21, 2017 print edition of Tax Notes, Frank Brodnax, a director, and Travis Klein, a supervisor, in the tax department at Ellin & Tucker; explain how commercial real estate clients can benefit from the 50 percent bonus depreciation on 39-year property.
To read the article, please visit The PATH to Immediate Tax Benefits in Commerical Real Estate on the Tax Notes website. Paid Subscription is required. For more information, please contact firstname.lastname@example.org.
FRANK BRODNAX, CPA, MST, is a Director is the firm’s Tax Department and advisor to many of the firm’s most prominent clients for more than two decades, Frank has extensive experience with tax compliance, planning and consulting for a variety of privately held businesses. His experience with the technical principals of taxation enable him to work closely with business owners and individuals to develop unique tax plans and address important tax-related topics. He can be reached at email@example.com.
TRAVIS KLEIN, CPA, MBA, is a key member of Ellin & Tucker’s real estate industry services group and a well-respected tax advisor for many of the firm’s most prominent commercial and residential real estate engagements. Travis has a strong grasp of the complex real estate tax planning, consulting, and compliance matters facing real estate business owners. He can be reached at firstname.lastname@example.org.