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For qualified new property placed in service in 2018, the following is available A. 25 % B. 50% C. 100% D.200%

For qualified new property placed in service in 2018, the following is available

A. 25 %

B. 50%

C. 100%

D.200%

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Answer #1

Option C. 100%.

Reason: Any new property that is placed into service after Sep 27 ,2017 but before Jan 1,2023 is 100% for a qualified asset.

Source : https://www.irs.gov/newsroom/new-rules-and-limitations-for-depreciation-and-expensing-under-the-tax-cuts-and-jobs-act

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