Gorman & Miller http://gormanmiller.com Sun, 15 Apr 2012 23:33:05 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 December Real Estate Closings and Bonus Depreciation http://gormanmiller.com/december-real-estate-closings/ http://gormanmiller.com/december-real-estate-closings/#comments Tue, 03 Jan 2012 23:26:50 +0000 dev http://gormanmiller.com/?p=427 Read More...]]> In December 2011, we represented investors in the acquisition of over $50 million of net-lease commercial real estate. The deals included four sale-leasebacks with CVS Caremark and the acquisition of a leasehold interest underlying a Macy’s store in Southern California.

Real estate investors who closed their acquisitions in 2011 may be eligible for 100% bonus depreciation for “qualified property” under Section 168(k) of the Internal Revenue Code. In general, “qualified property” is property which is newly placed in service by the taxpayer and has a recovery period of 20 years or less; certain other requirements and exceptions apply. Investors who close their acquistions in 2012 may be eligible for 50% bonus depreciation for “qualified property”.

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