U.S. Master Depreciation Guide (2021) Special Edition

Author(s): Wolters Kluwer Editorial Staff

Published: Jun 25, 2021
1-4: $279, 5-9: $223.95
Buying 10 or more?
Contact us for a quote.


ISBN: 9780808056089
Product Number: 10070502-0002
Volumes: 1
Update Frequency: Annually
1040 Pages

The U.S. Master Depreciation Guide — Special Edition is updated to reflect all depreciation rule changes as a result of the Taxpayer Certainty and Tax Relief Act of 2020 (P.L. 116-260). This concise, yet comprehensive resource provides guidance for understanding and applying complex depreciation rules and limitations.

The Special Edition reflects the changes made by the Taxpayer Certainty and Tax Relief Act of 2020, including:

  • 30-year ADS recovery period that applies to residential rental property of a real property trade or business placed in service before 2018 if an election out of the business interest limitations is made
  • Extension of certain expiring depreciation provisions
  • Includes a special “Highlights” section providing a quick overview of any new legislation, cases, rulings and regulations issued by the IRS
  • Covers Modified Accelerated Cost Recovery System (MACRS), Accelerated Cost Recovery System (ACRS) and the Treasury Department’s Asset Depreciation System (ADR)
  • Includes Code Sec. 179 expensing rules, and amortization of intangibles, including Sec. 197 intangibles and more!

Why is this important?

Understanding depreciation rules can be challenging, especially because bits and pieces of applicable information must be gathered from a maze of Revenue Procedures, IRS Tables and IRS Regulations. The U.S. Master Depreciation Guide — Special Edition pulls the pieces together, so practitioners have a one-stop resource for all the corresponding information that can be put into practice. Order your copy today in either softcover or ebook format.

 Chat — Books Support