Qualified Improvement Property

Qualified Improvement Property

1) A 15-year depreciation created for “qualified improvement property” placed in service after 2017; and,

2) Includes nonstructural improvements placed in service at least 3 years after the building itself (medical offices and restaurants).

Zaher Fallahi, Tax Attorney, CPA, is a Tax Controversy Attorney, and defends taxpayers in resolving their Income Tax and Offshore Accounts (FBAR and FATCA) problems. Telephones: (310) 719-1040 (Los Angeles), (714) 546-4272 (Orange County), e-mail taxattorney@zfcpa.com