D.C. Code § 47-1811.04: Bases — Determination of depreciation deduction.

*NOTE: This section includes amendments by temporary legislation that will expire on September 25, 2026. To view the text of this section after the expiration of all emergency and temporary legislation affecting this section, click this link: Permanent Version.*

The basis used in determining the amount allowable as a deduction from gross income under the provisions of §§ 47-1803.03(a)(7) and 47-1803.04(e)(3) shall be the same basis as that provided for determining the gain from the sale or other disposition of property for federal income tax purposes under the Internal Revenue Code of 1986; provided, that no adjustment shall be made for:

(1)

The amount of the special depreciation allowance under section 168(k) of the Internal Revenue Code of 1986 [26 U.S.C. § 168(k)]; and

(2)

The amount of the cost of property elected to be treated as chargeable to capital account under section 179 of the Internal Revenue Code of 1986 [26 U.S.C. § 179] in excess of the lesser of $25,000 ($40,000 in the case of a Qualified High Technology Company) or the actual cost of such property.

(3)

The amount of special depreciation allowance under section 168(n) of the Internal Revenue Code of 1986; and

(4)

A depreciation deduction may be allowed for an investor in a shared equity financing agreement as provided in § 47-3507.