The Internal Revenue Service (IRS) last week released proposed regulations clarifying the requirements for property to qualify for enhanced depreciation deductions. The issue stems from the fact that the Tax Cuts and Jobs Act expanded bonus depreciation for certain properties allowing for 100 percent first-year deductions. We are reviewing the proposed rules relating the Section 199A deduction for pass-through businesses. The proposed rule can be found here. Dunkin’ Brands along with a broad array of business interests had urged Congress in a letter two months ago to correct technical errors relating the treatment of depreciation for small businesses in the Tax Cuts and Jobs Act. We will keep you posted on additional developments regarding depreciation schedules.