Can a Business Deduct Part of Its Building?

Commercial buildings and their components are usually depreciated over a 39-year life for tax purposes. But using a cost segregation study, a business can reclassify many of the components of its building as personal property with a much shorter tax life that qualifies for an immediate bonus depreciation deduction. Learn more with this insight from OMA Connections Partner CliftonLarsonAllen. 11/17/2021