Leasehold Improvements

[Patrick Michael]

Are leasehold expenses eligible for sec 179 in 2019 or do they have to be depreciated over 39 years?  I have read both that they are and that they were removed form the list of qualified property.

[Yardley CPA]

I'm not sure whether your situation would apply for 179 or not, but maybe this article can shed some light:

https://rsmus.com/what-we-do/services/tax/federal-tax/confusion-over-qualified-leasehold-improvements-may-create-oppor.html

[Lee B]

Depending what the L I are, they may be elgible for Section 179,

however since Congress still hasn't made any technical corrections to the TCJA, they are definitely not elgible for bonus depreciation.

[Patrick Michael]

Thanks for the article.  The improvements do meet the definition of qualified leasehold improvements so sec 179 it is.