GO Zone (50% tax depreciation)

3 Replies

I read the recent IRS release about the 50% immediate depreciation on any property in the Go Zone (Gulf Coast Hurricane Disaster area).

Anyone doing this or have leads on good investment property in Louisiana or Mississippi?

50% depreciation sounds good. What kind of deal are they offering for when your new 1/2 depreciated property is wiped off the earth from another breach of the levies?