Skip to content
ChatProjectCodes

If...›Note:

TEB - IRC Section 168(g) Depreciation Deduction

Internal Revenue Manual Part 4. Examining Process · 2026-10-03 edition · updated 2026-10-04 · United States

When a closing agreement addresses nonqualified private activity bonds, the closing agreement terms may require, a payment that recoups the tax benefit that a party to the transaction received for a depreciation deduction on the financed property that wasn’t allowed under IRC 168(g) during the nonqualified period.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — Internal Revenue Manual Part 4. Examining Process
Internal Revenue Manual Part 4. Examining Process

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.