Announcement

Collapse
No announcement yet.

Special 15 year retail

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    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?

    #2
    am I right?

    Comment


      #3
      Are you asking about qualified leasehold improvements?
      Michael

      Comment


        #4
        No, I'm talking about the "qualified retail improvement property" in the jobs act---TTB 1040 pg 9-18

        Comment


          #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

          Working...
          X