Special 15 year retail

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • Super Mom
    Senior Member
    • Jun 2007
    • 1151
    #1

    Special 15 year retail

    It's my understanding that only "impovements" to an existing building qualifies, not a new retail building built in 2011, am I right?
    Tags: None
    • Super Mom
      Senior Member
      • Jun 2007
      • 1151
      #2
      am I right?

        Comment

        • MilTaxEA
          Senior Member
          • Mar 2011
          • 203
          #3
          Are you asking about qualified leasehold improvements?
          Michael

            Comment

            • Super Mom
              Senior Member
              • Jun 2007
              • 1151
              #4
              No, I'm talking about the "qualified retail improvement property" in the jobs act---TTB 1040 pg 9-18

                Comment

                • Burke
                  Senior Member
                  • Jan 2008
                  • 7068
                  #5
                  TTB 9-18 states under Qualified Retail Improvement Property that " [the improvements] must be placed in service more than 3 yrs after bldg was placed in service." So it is not only just that it must be an existing bldg, but one that has been used as depreciable property for that time period.

                    Comment

                    Previous template Next

                    Disclaimer

                    Collapse

                    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

                    Working...