15-Year Recovery Period for Qualified Improvements
The Tax Bill signed December 17, 2010 extends the 15-year recovery period through 2010 and 2011 for:
Qualified leasehold improvements
Qualified restaurant improvements, and
Qualified retail improvements.
The 15-year recovery period previously expired at the end of 2009. The extension applies to 2010 as well as 2011.
see: http://www.TaxEsq.com
