Investors are already seeing tremendous tax savings under the Tax Cuts and Jobs Act (TCJA). However, to take full advantage of the aforementioned changes to bonus depreciation, one key date must be considered. Regardless of property type, bonus eligibility is determined by the date Sept. 27, 2017, according to an article by The Counselors of Real Estate.
The TCJA has had a tremendous impact on all industries, including commercial real estate. In March of 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was passed, including several provisions that impact the treatment of depreciable assets. This article will examine the effects of tax reform and subsequent legislation from the CARES Act on bonus depreciation.
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