Commercial Real Estate – Tax deductions for past Energy Improvements

If you made any qualified energy improvements to any commercial properties over the last several years but failed to take advantage of the Section 179D IRS tax deductions that was available, you may now have a second chance to do so.

In 2011, a new IRS procedure was adopted that may allow you to adjust your current year’s income and expenses for qualified improvements made to a commercial property as long ago as 2006. To take advantage of the Revised Procedure 2011-2014, you or your accountant will need to calculate your adjustments by using form 3115. You will also be required to show evidence of the energy efficiency in order to claim the 179D deduction.

Should you have any questions or need further information,
please don't hesitate to contact me, (775) 220-1630
Or visit my website: www.SellingHomesinReno.com

Joshua Talayka
NAR designated: Short Sale & Foreclosure Resource
Chase International
Office: 775 850 5953
Toll Free: 877 922 5900
Cell: 775 220 1630
Fax: 775 850 5901
985 Damonte Ranch Pkwy, Ste. 110
Reno, Nevada (NV) 89521

Legal disclaimer: I am not an attorney, tax professional, modification specialist or credit counselor. The information contained in this article/blog is intended to provide general information on the subject and not to provide any legal, tax, or credit advice. You should not act upon this or any information without first seeking independent tax and/or legal counsel.