Maximizing Depreciation Deductions for Business Real Estate
[By Randy Koski & Michelle Thornburg, Koski Professional Group, P.C., 2013 | Keywords: Business, Depreciation] When constructing or buying business real estate, you should take steps to maximize the income tax depreciation deductions you can claim for the property. Accelerating the depreciation deduction reduces your current tax bill and helps improve current cash flow, resulting in a greater “present value” to the property owner. Most commercial real estate must be depreciated over a period of 39 years, with somewhat more favorable treatment for residential real estate (27.5 years) and for certain other types of buildings and improvements. On the other… Read More »