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A First Step: Senators Introduce Bill To Fix Costly Depreciation Mistake In GOP Tax Law


Taxpayers who improved the interior portion of a nonresidential building after 2017 were promised an immediate deduction of those costs. Due to a mistake in the Tax Cuts and Jobs Act, however, those costs are currently required to be depreciated over 39 years. Might a fix be on the way? (Forbes Real Time) More More

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