A one-hour webinar on the Tangible Property Regulations — and the write-offs most commercial property owners never claim.
Most commercial property owners depreciate their building on a single 39-year schedule and never look at it again. The Tangible Property Regulations — finalized by the IRS in 2014 — allow a different approach: reclassifying building components, writing off systems that have been replaced, and correcting years of over-capitalized costs on a single return.
A Tangible Property Regulations (TPR) Review examines the building the way an engineer would, and it often surfaces deductions that were sitting there all along. With 100% bonus depreciation permanently restored in 2025, reclassified components can be fully deducted in the year they are identified.
This one-hour session walks through what a TPR Review is, how it differs from an energy deduction, and whether the numbers make sense for your property.
A TPR Review is not a single deduction. It is a method — and it works in three directions at once.
Components like lighting, cabling, millwork, and site improvements move from a 39-year schedule into 5-, 7-, and 15-year classes. On a typical property, 20 to 40 percent of basis can be reclassified.
When a roof, HVAC system, or flooring is replaced, the remaining value of the old component can be written off immediately through a partial disposition — rather than depreciating something that is gone.
A Section 481(a) adjustment captures years of overlooked deductions in a single current-year return — with no amended filings, and audit protection for the prior treatment.
One office building's replaced lighting and partitions produced $92,000 in current-year deductions — value already sitting inside the depreciation schedule.
A TPR Review is not for everyone. It tends to matter most when three things are true.
If any of these describe you, a TPR Review is worth an hour of your time.
You'll be redirected to Zoom to complete your registration. Questions? Contact Rich at richv@smartstewardship.com or 224-256-2980.