What small business owners should know about the depreciation of property deduction Internal Revenue Service
Land is never depreciable, although buildings and certain land improvements may be. It is an allowance for the wear and tear, deterioration or obsolescence of the property. Large used equipment purchases qualify fully for 100% Bonus under the new law. The TCJA originally expanded Bonus to include used property (with unrelated-party rules), and the 2025 […]
