A First Step: Senators Introduce Bill To Fix Costly Depreciation Mistake In GOP Tax Law

  Forbes.com 

Image source : forbes.com
Taxpayers who improved the interior portion of a nonresidential building after 2017 were promised an immediate deduction of those costs. Due to a mistake in the Tax Cuts and Jobs Act, however, those costs are currently required to be depreciated over 39 years. Might a fix be on the way?
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