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D.C. Code § 47-1811.04

Bases — Determination of depreciation deduction.

Official textus-dc/statcode.dccouncil.govlast amended
Summarize

*NOTE: This section includes amendments by temporary legislation that will expire on September 25, 2026. To view the text of this section after the expiration of all emergency and temporary legislation affecting this section, click this link: Permanent Version.* The basis used in determining the amount allowable as a deduction from gross income under the provisions of §§ 47-1803.03(a)(7) and 47-1803.04(e)(3) shall be the same basis as that provided for determining the gain from the sale or other disposition of property for federal income tax purposes under the Internal Revenue Code of 1986; provided, that no adjustment shall be made for:

# (1)

The amount of the special depreciation allowance under section 168(k) of the Internal Revenue Code of 1986 [26 U.S.C. § 168(k)]; and

# (2)

The amount of the cost of property elected to be treated as chargeable to capital account under section 179 of the Internal Revenue Code of 1986 [26 U.S.C. § 179] in excess of the lesser of $25,000 ($40,000 in the case of a Qualified High Technology Company) or the actual cost of such property.

# (3)

The amount of special depreciation allowance under section 168(n) of the Internal Revenue Code of 1986; and

# (4)

A depreciation deduction may be allowed for an investor in a shared equity financing agreement as provided in § 47-3507.

Source: official DC Code section page (code.dccouncil.gov)

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In this chapter (40 sections)
  1. 47-1809.03 · Tax on estates and trusts — Imposition.
  2. 47-1809.04 · Tax on estates and trusts — Computation.
  3. 47-1809.05 · Tax on estates and trusts — Net income.
  4. 47-1809.06 · Tax on estates and trusts — Beneficiary taxable year.
  5. 47-1809.07 · Tax on estates and trusts — Revocable trusts.
  6. 47-1809.08 · Tax on estates and trusts — Income for benefit of grantor.
  7. 47-1809.09 · Tax on estates and trusts — “In discretion of grantor”…
  8. 47-1809.10 · Tax on estates and trusts — Employees’ trusts.
  9. 47-1810.01 · Purpose of chapter.
  10. 47-1810.02 · Allocation and apportionment of District and non-District…
  11. 47-1810.03 · Distribution, apportionment, or allocation of income or…
  12. 47-1810.04 · Determination of taxable income or loss using combined…
  13. 47-1810.05 · Determination of the business income of the combined group.
  14. 47-1810.06 · Designation of agent.
  15. 47-1810.07 · Water’s-edge reporting; initiation and withdrawal election.
  16. 47-1810.08 · Accounting rules; future deductions.
  17. 47-1810.09 · Tax haven updates.
  18. 47-1811.01 · Disposition of property — Basis for determination of gain…
  19. 47-1811.02 · Disposition of property — Determination of gain or loss.
  20. 47-1811.03 · Bases — Property dividends.
  21. 47-1811.04 · Bases — Determination of depreciation deduction.
  22. 47-1812.01 · General duties of Mayor.
  23. 47-1812.02 · Records and statements.
  24. 47-1812.03 · Examination of books and witnesses; failure to obey…
  25. 47-1812.04 · Duty of Mayor to make return.
  26. 47-1812.05 · Determination of deficiency; protest by taxpayer; hearing;…
  27. 47-1812.06 · Jeopardy assessment.
  28. 47-1812.07 · Payment of tax.
  29. 47-1812.08 · Withholding of tax.
  30. 47-1812.09 · Lien liability.
  31. 47-1812.10 · Period of limitation upon assessment and collection.
  32. 47-1812.11 · Credits and refunds for overpayments.
  33. 47-1812.12 · Closing agreements.
  34. 47-1812.13 · Compromises.
  35. 47-1812.14 · Declaration of estimated tax by corporations, financial…
  36. 47-1812.15 · “Person” defined.
  37. 47-1812.16 · Collection by Mayor.
  38. 47-1812.17 · Furnishing copy of federal return.
  39. 47-1812.11a · Tax check-off.
  40. 47-1812.11b · Tax-Payer Support for Afterschool Programs for At-Risk…
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