rbynaker
Level 14
12-07-2019
05:59 AM
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There are no bright line answers any more. See if this helps any:
https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations
Jump down to "Step 2" and evaluate the BAR rules.
It's slightly more "plain language" than the actual regs. But the regs are full of examples so they often end up being more helpful.