Manage episode 249706724 series 2402327
In this episode I discuss a depreciation method that could significantly reduce your tax liability.
Did you know you have a choice when it comes to the depreciation method you use?
With the tax reform of 2018 you can now apply component depreciation to existing building not just new construction. 2018 also extended 100% bonus depreciation on building components with tax recovery period of 20 years or less.
I also talk about how this depreciation affects your taxes depending on your classification as a tax payer.