Tax Alert: Component Election for Bonus Depreciation
Return of Component Election for Bonus Depreciation Creates Significant Tax Savings for Self-Constructed Projects Taxpayers who started construction on any project prior to the 100% Bonus Depreciation change on January 20, 2025, may be left with 40% Bonus Depreciation, unless a new election is filed. On January 14, 2026, IRS issued Notice 2026-11 providing interim…
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