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Sec. 163(j) planning considerations.

Authors :
Georgiev, Miroslav
Montefiori, Marco
Source :
Tax Adviser; Aug2024, Vol. 55 Issue 8, p13-17, 5p
Publication Year :
2024

Abstract

The article focuses on the impact of the Tax Cuts and Jobs Act of 2017, particularly its amendments to Section 163(j) which limit the deduction of business interest expenses. It addresses the limitations resulting from the removal of depreciation and amortization add-backs starting in 2022, the small business exception, the real property trade or business election, and self-charged interest relief.

Details

Language :
English
ISSN :
00399957
Volume :
55
Issue :
8
Database :
Complementary Index
Journal :
Tax Adviser
Publication Type :
Periodical
Accession number :
178744789