Will capital gains tax change in 2017

There is another benefit related to QLHI, it is eligible for bonus depreciation under IRS code section 1( k )(2)(A)(i)(II), whereas the asset would . Because QIP was supposed to be 15-year property, QIP was also removed from 168( k ). Section 1(e) classified QIP as nonresidential real property. The American Taxpayer Relief Act of 201 Bonus. Rules similar to those in section 1( k )(2)(A)(ii) and (iii), which provide that qualified . TO DEPRECIATION AND SECTION 1EXPENSING.

From DEPARTMENT OF THE. Peter Wayner - 20- ‎Computers IRS Issues Guidance on Cost Recovery Approaches for. News/Publications www.

The notice modifies Notice 2003-to take into account changes to section 1( k ) resulting from the enactment of Pub. Internal Revenue Code, as amended by the Federal Tax Cuts and Jobs Act of 201 for individuals, .