Proposed Rules on New Business Interest Expense Guidance
IRS Shutdown—Good News/Bad News

Section 163(j) Real Property Safe Harbor

 

A safe harbor is provided in Rev. Proc. 2018-59 that allows taxpayers to treat infrastructure trades or businesses as an electing real property trade or business not subject to the business interest deduction limit of Section 163(j), but they must then use the alternative depreciation system for assets specified in the Tax Cuts and Jobs Act (TCJA).
https://www.irs.gov/pub/irs-drop/rp-18-59.pdf

 

 

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