Understanding Full Expensing for Business Property and R&D Costs Under the New Tax Legislation
In this episode of the Know Your Numbers REI podcast, host Chris McCormack dives deep into the recent changes in U.S. tax law following the passage of a significant piece of legislation on July 4, 2025. This episode focuses on two crucial sections—70301 and 70302—pertaining to full expensing of business property and immediate expensing of research and development costs.
Chris explains how the reinstatement of 100% bonus depreciation for business property is a game-changer for real estate investors and business owners. He discusses the implications of this law, including how it allows for…
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