The U.S. Treasury Dept. has issued proposed regulations on the new 100% depreciation deduction that is part of the Tax Cuts and Jobs Act. The deduction lets businesses write off the full cost of most depreciable business assets, such as machinery, equipment, computers and furniture, in the year they’re placed in service. The proposed regs provide guidance on the rules for qualified film, television and theatrical productions and certain plants. The deduction is retroactive for assets acquired and placed in service after 9/27/17. Contact us about your situation.