Guest Blog: Tax Strategies as You Reopen Your Restaurant
Restaurant365
JUNE 26, 2020
QIP assets placed in service during 2018 also qualify for 15-year bonus depreciation treatment — however, additional steps, such as amending returns or a change in accounting method, must be considered. Net operating loss (NOL) carryback — NOLs can be carried back to the preceding five years for years 2018 – 2020.
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