Topics covered include: TCJA: Fast Depreciation; TCJA and Bonus Depreciation; Allocation of Cost: Building, Land and Personal Property; Passenger Automobiles; 15-Year Property; §179 Changes; §179 Qualified Real Property; Trading Places: QIP §179 and Bonus Depreciation; QRP: Building Placed in Service First; The Basics of De Minimis; De Minimis: Required Book Conformity; Improvements and the De Minimis Rules; §179-Using a Scalpel instead of a Blunt Instrument: The "Surgical Approach"; Flexibility to Change; QBID the 20% Pass-Through Deduction; Fast Write Off Rules Special Roles Played by §179, Bonus and De Minimis. Upon completing this course, you should be able to: Identify the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act (TCJA) changes; Recognize and apply effective dates for the new rules; Describe the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act; Recognize and apply changes to §179 made in the Tax Cuts and Jobs Act; Identify the maximum depreciation (not including bonus) for passenger automobiles assuming qualified business use in the first taxable year after 12/31/2017; Differentiate types of properties eligibility for Section 179 remains unchanged for years before and after 2018; Identify the maximum Section 179 expense amount for 2018; Differentiate proper statements with respect to de minimis rules; Describe allocation methods/approaches uses little to no documentation and is based on a preparer's experience; Recognize types of real property 15-years lives are eliminated as a result of the TCJA; Identify exclusion related to qualified improvement property.