Law360: Long-Awaited Bonus Depreciation Insight For Partnerships

August 16, 2018

Partners Junaid Chida and Arthur Hazlitt, and counsel Alexander Roberts penned an article in Law360 in which they discuss the US Department of Treasury’s release of proposed regulations that offer much-anticipated clarification on “the availability of 100 percent first-year expensing, also called 100 percent bonus depreciation, to partnership basis adjustments triggered by certain partnership transactions.” These changes came about following the Tax Cuts and Jobs Act in December 2017.