The Tax Cuts and Jobs Act has generated a great deal of opportunity for commercial real estate owners, but the TCJA isn’t the only game in town. There are tax savings strategies old and new in play for 2018; thoughtful and comprehensive tax planning is more important than ever. To ensure that no opportunity is overlooked, you might consider the following:
Did you build/acquire any commercial real estate in 2018?
• If so, was a cost segregation study performed to begin maximizing deductions from year one? The 100% Bonus depreciation provision of the TCJA makes this especially useful for both newly constructed and acquired properties.
• Was a Unit of Property study performed simultaneously, to create an accurate and complete breakdown of assets useful for capturing further deductions?