Topics covered include: Bonus depreciation after the Tax Cuts and Jobs Act; 179 and its application to real property; How and when the de minimis rules can be used on residential real property remodels; The QBID (20% pass-through deduction); Interest deductibility under 163(j); Capitalization of interest on self-constructed assets; Notice 2018-64 - A Taxpayer Wish List Fulfilled? Upon completing this course, you should be able to: Determine the best depreciation method for real estate improvements, including Tax Cuts and Jobs Act changes; Identify effective dates for the new rules; Recognize and apply the new rules for de minimis expensing updated for changes in the Tax Cuts and Jobs Act; Identify changes made to interest deductibility area. Should some real estate owners 'elect out' even though their gross receipts are significantly below $25 million?; Describe the new QBID rules (20% 'pass-through deduction') to real estate rentals; Recognize how the Tax Cuts and Jobs Act (TCJA) applies to interest capitalization on self-constructed assets; Differentiate qualified improvement property (QIP); Identify bonus depreciation applies to various types of property; Recognize requirements of qualified real property.