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Treasury Releases Additional First Year Depreciation Deduction Final Regulations

Friday, September 13, 2019 - 10:45AM

The Treasury Department will publish in the Federal Register final regulations on additional first-year depreciation deduction under Internal Revenue Code Section 168(k). The final regulations clarify that only the tax-exempt entity’s proportionate share of the property is described in Section 168(g)(1)(B) and is not eligible for the additional first-year depreciation deduction.

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