Frank Brodnax and Travis Klein, of Ellin & Tucker, have authored an article,  The Path to Immediate Tax Benefits in Commercial Real Estate in Tax Notes, which discusses how commercial real estate clients can benefit from the 50 percent bonus depreciation on 39-year property, and they outline planning tools and complications. The abstract is as follows:

In this article, Brodnax and Klein explain how commercial real estate clients can benefit from the 50 percent bonus depreciation on 39-year property. They outline planning tools and discuss the complications.
The Protecting Americans From Tax Hikes (PATH) Act of 2015 renewed a series of tax provisions that were set to expire and will now have significant positive effects for the commercial real estate industry. Companies that plan properly can take advantage of the new qualified improvement property (QIP) rules and regulations for accelerated depreciation under section 179 and 50 percent bonus depreciation.

See full article (subscription to Tax Notes required) by clicking here.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.