GO Zone 50% Bonus Depreciation


T

Tax Tip

The Gulf Opportunity Zone Act established a 50% bonus depreciation
allowance as a tax incentive to rebuild the economies devastated by
hurricanes Katrina and Rita.

To qualify for the bonus depreciation, the property must be listed
within the GO Zone, new, acquired after Aug. 27, 2005, and placed in
service before Dec. 31, 2008.The 50% bonus depreciation method must be
selected before any other depreciation deductions have been made.

To learn more about Depreciation and how it affects your properties,
take a look at RealTaxTips.com. It’s a forum for real estate investors
to learn how others are saving money on their real estate investments,
and it’s an easy way to get prepared for taxes.

Check out Real Tax Tips at TReXGlobal.com to learn more about saving
time and money on properties and taxes.
Be sure to try Simplify'em, the FREE Property Management Software from
TReXGlobal.com. (http://www.trexglobal.com)

Community Relations TReXGlobal.com
(http://www.trexglobal.com)
Simple FREE to se Web Tools for Real Estate Investors
 
Ad

Advertisements


Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top