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Tax Depreciation Rules
https://www.nmhc.org/industry-topics/tax-and-accounting/tax-depreciation-rules/
Here is a summary of NMHC’s research and information on Tax Depreciation Rules. Read our Issue Fact Sheet to learn more.
Apartment Industry Statement for Senate Finance Committee Hearing, Early Impressions of the New Tax Law
https://www.nmhc.org/research-insight/analysis-and-guidance/tax-reform-sfr-to-sfc/
5/24/2018 12:00:00 AM
Congress Fixes Alternative Depreciation System Issue for Multifamily
https://www.nmhc.org/news/nmhc-news/2020/congress-fixes-alternative-depreciation-system-issue-for-multifamily/
The COVID-19 relief and federal funding bill passed on December 21 includes a long-sought NMHC provision to correct an error in the Tax Cuts and Jobs Act (TCJA). The TCJA limits the ability of taxpaye
In a Win for the Industry, Final Pass-Through Regulations Make Important Corrections
https://www.nmhc.org/news/nmhc-news/2019/in-a-win-for-the-industry-final-pass-through-regulations-make-important-corrections/
The Treasury Department and the Internal Revenue Service (IRS) issued final regulations on January 18 to implement the new 20 percent tax deduction for qualifying pass-through businesses enacted as pa
Treasury and IRS Issue Proposed Expensing Regulations
https://www.nmhc.org/news/nmhc-news/2018/treasury-and-irs-issue-proposed-expensing-regulations/
The Treasury Department and Internal Revenue Service on August 3 issued proposed regulations to implement 100 percent expensing of business assets. While full expensing does not apply to multifamily s
Apartment Industry Calls on Treasury to Clarify Depreciation and Other Tax Rules
https://www.nmhc.org/news/nmhc-news/2018/apartment-industry-calls-on-treasury-to-clarify-depreciation-and-other-tax-rules2/
NMHC/NAA sent Treasury Secretary Steven Mnuchin a letter on March 15 asking for clarifications to last year’s tax reform bill. Guidance is necessary in several areas, including those pertaining to dep
IRS Issues Partnership Audit and Taxation Rules
https://www.nmhc.org/news/nmhc-news/2018/irs-issues-partnership-audit-and-taxation-rules/
The IRS has issued two important proposed rules that affect how partnerships handle tax liability following an audit. They are part of a series of rules implementing legislation passed in 2015 that ch
Trump Tax Returns Spark Scrutiny
https://www.nmhc.org/news/nmhc-news/2000-2016/trump-tax-returns-spark-scrutiny/
The revelation that Republican Presidential Candidate Donald Trump carried forward over $900 million in tax losses has sparked many to scrutinize tax provisions used across numerous business sectors,
Tax Depreciation Rules Fact Sheet
https://www.nmhc.org/advocacy/issue-fact-sheet/tax-depreciation-rules-fact-sheet/
NMHC/NAA Viewpoint As part of the Tax Cuts and Jobs Act of 2017, Congress extended multifamily depreciation periods to 30 years for real estate firms wishing to retain the full deductibility of busine
End-Of-Year House Tax Bill Includes Beneficial Provision But Lacks Depreciation Fix
https://www.nmhc.org/news/nmhc-news/2018/house-end-of-year-tax-bill-includes-beneficial-provision-but-lacks-depreciation-fix/
House Ways and Means Committee Chairman Kevin Brady (R-Texas) on November 26 released end-of-year tax legislation that the House could consider as early as later this week. The bill includes several p