Description
Qualified Improvement Property (QIP) has undergone a number of changes over the years. In this session we will:
- Examine the historical treatment of Qualified Property Categories and focus on the current status of QIP under tax reform.
- Discuss the “QIP controversy” and the associated challenges that auto dealers may face as a result.
- 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):