Final tangible property repair regulations: Effective dates, materials and supplies, de minimis rule, and rotable spare parts

Washington National Tax Services
This WNTS Insight is the first in a three-part series that will discuss in depth the recently issued final regulations regarding the deduction and capitalization of expenditures related to tangible property, as well as the re-proposed regulations regarding the disposition of assets.  This Insight focuses on rules related to effective dates, materials and supplies, a de minimis safe harbor rule, and rotable spare parts.  The second WNTS Insight in this series will discuss rules related to the unit of property and the acquisition or improvement of property.  The third WNTS Insight will address additional topics not previously discussed, including the recovery of capital improvements subject to lease, removal costs, and the proposed regulations regarding the disposition of tangible depreciable property.


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