Qualified Improvement Property - 2018 TCJA

Please let me know if I am wrong on this.

The TCJA has consolidated the 4 categories of "qualified" property into one - Qualified Improvement Property.

You can take Sec 179 on this, but unless there is a technical correction, then you are stuck with 39-year and no special depreciation. Is that correct?

Right.

Thank you.

Now - What does your crystal ball say?

If technical corrections make it through, perhaps as part of the extenders package, this specific change will most likely be included. As for when, I read Tax Analysts every day the same as everyone else.