Depreciation -- General - Issue Summary
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| What is the fundamental issue? |
| The current law depreciation rules are out of date and do not reflect the economic life of structures. The 27.5- and 39-year cost recovery periods for real property should be shortened. |
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| I'm a Realtor®. What does this mean to my business? |
| A more realistic rate of return on investment would make real estate a more attractive investment. |
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| NAR Policy: |
| NAR supports a depreciable life for real estate that accurately reflects the economic life of the property. |
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| Legislative/Regulatory Status/Outlook: |
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 Link to Thomas
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