Guide to Depreciation Rules and Their Interaction with the Repair Regulations (WEBS0791)

Tuesday, February 20, 2018 | 1:00 PM - 3:00 PM (Registration at 12:30PM) EST |


Congress restored the $500,000 Section 179 deduction, bonus depreciation, and 15-year qualified real property when it passed the Protecting Americans from Tax Hikes Act of 2015 (PATH) in December 2015. Earlier, the IRS had issued very complex repair regulations and Rev. Proc. 2015-56, which provided a safe harbor accounting method for the retail and restaurant industries to determine whether costs paid to refresh or remodel a qualified building are deductible or if they must be capitalized. All of these provisions interact in complicated ways. This program outlines all the new rules and explains how and when expenditures must be capitalized and depreciated and when they should be expensed.


  • Stay informed of current depreciation methods
  • Know the ways in which the repair regulations and the depreciation rules interact


Standard Registration: $89 SCACPA Members, $109 Non-Members

Major Topics

  • Depreciation rule changes relating to Section 179, bonus, and 15-year qualified real property
  • When taxpayers may take the Section 179 deduction
  • When related party rules prevent using an accelerated depreciation method
  • Summary of how the repair regulations determine when expenditures relating to buildings and tangible property should be capitalized or expensed
  • Safe harbor elections that taxpayers can make under the repair regulations to expense items that otherwise might be capitalized
  • Rev. Proc. 2015-56: the election to expense 75% of expenditures relating to certain types of real estate
  • Meaning of the “placed in service” requirement


Course Code:

2.00 Taxation

Field of Study:

Surgent McCoy CPE, LLC

Course Type:


Basic understanding of the tax rules dealing with individual income taxation

Advanced Preparation: