Category: 168 – ACRS


  • Accelerated Cost Recovery System; MACRS; ADS (I.R.C. 168)

    ADS for Electing Real Property Trade or Business (168(g)(8) Rev. Proc. 2019-08 (December 21, 2018) clarifies and confirms that the alternative depreciation system (ADS) applies to existing property as it does to newly-acquired property upon election made to be an electing real property trade or business.  The result is the application of ADS to property […] READ MORE

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