We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
On Dec. 23, 2011, the IRS issued temporary and proposed rules regarding the tax treatment of costs incurred in acquiring, maintaining, and improving tangible property, including multifamily buildings. The 255 pages of new regulations, published in the Federal Register, are temporary, meaning the IRS can edit the rules if sufficiently persuaded by the business community. However, despite being issued in temporary and proposed form, the regulations are effective as of Jan. 1, 2012, and currently have the same force as a final regulation.
