Join Withum’s real estate tax experts Ashley Kettler and Sara Palovick for this deep dive on the tax treatment of depreciation, repairs, and maintenance. During the session, we will cover how to depreciate assets and apply the tangible property regulations and when to use expense versus capitalize options. We will also cover bonus depreciation, tax law changes to qualified improvement property (QIP), and COVID-19 updates relevant to QIP and depreciation.
Ashley Kettler is a senior manager at WithumSmith+Brown and is a licensed Certified Public Accountant in New York and New Jersey. Ashley has experience in REIT due diligence and REIT testing and compliance, including reviewing quarterly asset and income tests, lease review, distribution test, closely-held tests, and research of potential REIT issues. She consults on projects encompassing federal, state, and local tax reporting and foreign tiered structure analysis for real estate entities.
Ashley is a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJCPA).
Sara Palovick is a senior tax manager at WithumSmith+Brown, specifically in partnership and real estate taxation. She is a member of the Real Estate Services Group, actively involved in other firm initiatives focused on improving tax processes, and regularly teaches informal and CPE tax training. Sara is a member of ICSC (International Council of Shopping Centers).