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Gas stations / convenience stores / car washes could provide tax benefits through depreciation

By Hicbd
Fri Nov 17 2023 1:04 pm

"Moreover, the 100 percent bonus depreciation deduction for qualified “retail motor fuel outlets” through the Tax Cuts and Jobs Act of 2017 poured gasoline on net lease investor demand for c-stores and gas stations. Because the 100 percent bonus depreciation will be available only through the end of 2022 before it starts to incrementally decrease, net lease buyers are in a frenzy to close deals."

URL:
https://www.wealthmanagement.com/net-lease/net-lease-investors-fill-c-stores-and-gas-stations
https://www.kbkg.com/tax-insight/bonus-depreciation-for-gas-stations-with-convenience-stores
https://www.reddit.com/r/tax/comments/168qilj/best_ideas_for_accelerated_depreciation/

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Categories:
U.S. Taxes Financial Advising / Planning / Wealth Management Real Estate Investing Personal Income / Finance / Money Real Estate

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