As you know, COVID-19 hit the world with a vengeance, and...
...commercial property took a hard hit. Owners are still struggling, and many have had to invest in unexpected improvements or renovations to repurpose a building to survive.
Most owners are unaware that these investments have tax advantages that could wipe out their tax burden. This is incredibly impactful right now because, in 2021, businesses may receive a 100% deduction on the cost of qualified business property or “QIP”. QIP is an improvement made to an interior portion of a nonresidential building after that building is placed into service.
Determine what your tax advantage would be by using our secure calculator here PropertyTaxBenefits.com
Take a look. It’s worth the time, I promise. Then, let me know what you think or if you have any questions. I’m here to help.
Specialized Senior Advisor
Growth Management Group, LLC
Direct Line (847) 872-4047