The Mann Report published an article by Tax Partner James Philbin about relief programs and tax strategies to help commercial real estate owners and developers emerge from COVID-19.
The Mann Report
By James Philbin, Partner, Tax & Business Services
For real estate owners/developers, the bonus depreciation provisions available on 2018 and 2019 for interior renovations, tenant improvements and fit-ups on new and existing properties could provide significant additional deductions. These deductions could potentially create net operating losses that can be carried back to earlier years.
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