What is Qualified Improvement Property and its depreciation?
https://tax.thomsonreuters.com/blog/what-is-qualified-leasehold-improvement-property/
WEBMar 7, 2024 · Reassessment of lease terms. As businesses strive to enhance their properties, the tax implications of Qualified Improvement Property (QIP) and its associated depreciation methods can be substantial. Let’s explore the definition of QIP, the tax benefits it offers, and the various depreciation methods available to optimize tax strategy.
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