New tax bill and depreciation schedule


#1

Does anyone have a view here? It sounds like our 15 year improvements schedule may be pushed back because of some shoddy drafting.


#2

No one responded to this post from a year ago, but the Forbes article gives a helpful summary of changes to the tax law. Looks like park owners can now fully write off some big ticket items like HVAC systems, roofs, etc., without having to depreciate them. But what is unclear to me is whether the new 100% depreciation rules apply to 15 year property. Anyone have insight into this?