The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. This marks the first comprehensive tax law reform since 1986 and will impact every American taxpayer and industry. The TCJA brings new opportunities, as well as some challenges, to the commercial real estate community. In this practical webinar, you will learn about several provisions of the Act that may further enhance the utility of a traditional cost segregation study.

Upon course completion, you will be able to:

• Describe how the TCJA may broaden the scope of a cost segregation study for owners of real estate through changes in:
  • Bonus Depreciation
  • Qualified Improvement Property (QIP)
  • Section 179 Expensing
• Describe the significance of the date 9/27/17 in determining bonus rates for new construction projects and acquisitions
• Use a decision tree to determine whether property may be depreciated using MACRS class lives or must be depreciated under the Alternative Depreciation System (ADS)
• Determine the implications of the Interest Deduction Limitation
• Determine the impact of the Bipartisan Budget Act of 2018 on Section 179D and 45L