June 15, 2020
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
Excerpt:
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.
Click here to read a PDF version of the article >>
Coronavirus Resource Center
Have more questions about the impact of the coronavirus on your business? Visit Marcum’s Coronavirus Resource Center for up-to-date information.
