Practice Unit Covers Costs Capitalized Under 2018 Final Regs

Practice Unit Covers Costs Capitalized Under 2018 Final Regs

Internal Revenue Service

The IRS has issued a practice unit that provides guidance for the capitalization of self-constructed assets, covering costs capitalized under final section 263A regulations that are effective for tax years beginning after November 19, 2018.

The IRS has issued a practice unit that provides guidance for the capitalization of self-constructed assets, covering costs capitalized under final section 263A regulations that are effective for tax years beginning after November 19, 2018.

The IRS has issued a practice unit that provides guidance for the capitalization of self-constructed assets, covering costs capitalized under final section 263A regulations that are effective for tax years beginning after November 19, 2018. The unit does not address self-constructed assets that qualify for the simplified methods.

The IRS has issued a practice unit that provides guidance for the capitalization of self-constructed assets, covering costs capitalized under final section 263A regulations that are effective for tax years beginning after November 19, 2018. The unit does not address self-constructed assets that qualify for the simplified methods.