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It 2663 Form

It 2663 Form

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Instructions and help about It 2663 Form

- Here's a bunch of tax law issues that you need to be aware of in the middle of 2024. Now first off, a lot of you guys, if you're an investor, you know that there's the phase out of the accelerated depreciation, the bonus depreciation that we've been enjoying for the last few years at 60% this year. The House and Congress has passed a provision to fix that and make it 100%. Senate is talking about taking it up. Biden's been non-committal as I sit here today, I don't know what's going to happen. If I was a betting person, I would say that it's probably going to come back to be 100%. It's supposed to be retroactive. So if you're a real estate investor and you're investing in real estate, there's probably more likely than not that you're going to get to that 100% bonus depreciation that you use when you're doing your cost seg. So just be aware that as of right now it's

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