- Ag Docket
(capitalized interest while property is being produced must be treated as part of the property’s total cost for purposes of bonus depreciation safe harbor which specifies that physical work of significant degree begins (for accrual basis taxpayer) when more than 10 percent of total cost of property incurred (not counting land cost and cost of any preliminary activities).
CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.