IRS Releases Final Regulations under Section 168(k)
Today, Treasury and the IRS released final regulations under section 168(k). Amended by the Tax Cuts and Jobs Act, section 168(k) generally allows full expensing of certain depreciable property. The final regulations address the requirements to qualify for the additional depreciation deduction and elections related to the deduction.
Read the final regulations: TD 9874
Read the proposed regulations: REG-104397-18