Qualified Improvement Property will allow commercial real estate owners to use bonus depreciation on more improvements to their building by not having to meet. Under prior guidance, improvements to qualified leasehold property , qualified restaurant property and qualified retail property qualified for a 15 . Based on a technical correction under the new legislation, . QIP) for tax purposes. By Roger Upton, on Thursday, April 1 2020. It is odd to think it . Bonus depreciation included accelerated cost recovery for qualified improvement property defined as improvements to an interior portion of . Qualified improvement property was unintentionally classifie under the law known as the Tax Cuts and Jobs Act, P.
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