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Overview

8.0 Credits
ONLINE

With greater-than-ever §179 deductions boosted by 100 percent additional first-year depreciation and pandemic-related business-friendly provisions, these are unprecedented times for businesses to make significant asset investments. From the most up-to-date depreciation regulations to inflation adjustments and technical corrections, this material will help you navigate the complex maze of depreciation, amortization, and property sale rules. The reference manual contains many case types and examples, covering common and less commonly encountered situations to illustrate the most important points CPAs must know.

Objectives

  •     Understand the assets subject to depreciation
  •     Answer advanced §179 and automobile depreciation questions
  •     Comprehend depreciation and MACRS cost recovery
  •     Navigate installment sales and reacquisitions
  •     Complete cases related to depreciation and sales of assets

 

Major Topics

  •     New bonus depreciation and §179 changes under the One Big Beautiful Bill Act (OBBBA)
  •     Final regulations – bonus depreciation and §1031 exchanges
  •     Technical correction in Rev. Proc. 2019-13 – use it or stand to lose second-year depreciation deductions for luxury automobiles
  •     Components for real estate depreciation
  •     Depreciation alternatives
  •     Rules for §179 depreciation
  •     Sales of property and the depreciation recapture rules (§1245, §1250, unrecaptured §1250 gain for real estate, §291 for corporations)
  •     Amortization of research and experimentation costs, including new rules under the OBBBA
  •     Depreciating like-kind exchange property
  •     Applying §121 and §1031 to the same transfer of property
  •     Reacquired installment sale property – calculating potential gain and new basis
  •     Understanding §197 amortization issues and handling intangible asset costs
  •     Depreciation issues, tax-deferred exchanges, conversions of personal property into business property, and home sale exclusions
  •     Compliance and planning issues
  •     Cases and rulings of depreciation and amortization issues and how they impact clients, plus useful planning opportunities

 

Prerequisite

Basic knowledge of tax issues for property transactions

 

Sessions

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Wednesday, November 5, 2025

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