IRS proposes guidance on availability of 100 percent bonus depreciation for dealers - Greater Cincinnati Automobile Dealers Association

IRS proposes guidance on availability of 100 percent bonus depreciation for dealers

The Internal Revenue Service released both final and proposed regulations on the Tax Cuts and Job Acts (TCJA) bonus depreciation provisions Sept. 16. 

The proposed regulations address the availability of 100 percent bonus depreciation for dealers who also deduct floor plan financing interest.