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14 January 2026

IRS provides guidance on changes to first-year depreciation deduction made by OBBBA

The IRS on January 14, 2026, in Notice 2026-11 (the Notice), announces plans to issue proposed regulations implementing amendments to IRC Section 168(k) first-year bonus depreciation made by the "One Big Beautiful Bill Act" (OBBBA), along with guidance on the treatment of qualified sound recording productions (see Tax Alert 2025-1432). Taxpayers may rely on the interim guidance provided in the Notice until the proposed regulations are published in the Federal Register. A Tax Alert is forthcoming.

Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2026-0194

 

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