Story ID: 
Bonus Depreciation Temporary Guidelines Issued
By: Gordon Gilbert
Caption: The IRS has issued temporary guidelines on the bonus depreciation option.
Word Count: 61
The IRS has issued temporary guidelines on the bonus depreciation option. Four key benefits for business aviation have been identified: the availability of bonus depreciation for personal aircraft converted to business use; the application of bonus depreciation benefits to purchasers of fractional interests and demonstrator aircraft; expanded like-kind exchange benefits; and increased timing flexibility for taxpayers who lease their business aircraft.