AUT19SS3 - Strategic Depreciation Alternatives to Qualified Improvement Property

Description

Qualified Improvement Property (QIP) has undergone a number of changes over the years. In this session we will:

1. Examine the historical treatment of Qualified Property Categories and focus on the current status of QIP under tax reform.
2. Discuss the “QIP controversy” and the associated challenges that auto dealers may face as a result.
3. Consider several other strategies that dealers might employ in place of QIP, including Bonus depreciation and the Tangible Property Regulations, and will highlight one notable feature of QIP today – it is eligible for expensing under Section 179. Finally, we will explore a strategic hierarchy for employing these strategies most successfully. Several actual dealership examples will be presented.

Speaker(s):

• Carly Ferris, MBA, Regional Director, Capstan Tax Strategies
• David Stephens, Director of Engineering, Capstan Tax Strategies