Qualified Production Property - 0.2 Nano CPE

From 39 Years to One — If You Get It Right.

For decades, nonresidential real property has been depreciated over 39 years. Qualified Production Property (QPP) changes that equation dramatically by allowing certain industrial facilities to be fully expensed in the year they are placed in service.

But the rules are precise. Eligibility depends on how the property is used, how the facility is designed, and whether strict timing and operational requirements are met.

Learning Objective

Determine when property qualifies as QPP and how immediate expensing, usage requirements, and recapture rules affect the tax treatment of industrial facilities.

Course Description

This nano-learning course explains the rules and planning considerations for qualified production property (QPP), including eligibility requirements, timing rules, and recapture risks under current tax law.

Best Suited For

Tax and accounting professionals advising manufacturers, industrial businesses, or clients planning facility construction, expansion, or significant capital investment.

Why This Knowledge Matters

QPP creates a significant opportunity to accelerate cost recovery, but only when strict requirements are met. Missteps in facility design, use classification, or timing can eliminate eligibility or trigger recapture. Understanding these rules allows practitioners to guide clients through high-impact decisions that affect cash flow, tax liability, and long-term planning.

Lee T. Reams, Sr., BSME, EA
Lee Reams, EA, is the founder of CountingWorks, Inc., and a nationally recognized tax educator specializing in practical guidance on federal tax law changes and strategic planning for tax professionals.

Course Details

This course qualifies for NASBA continuing professional education credit. CountingWorks, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Accelerate Cost Recovery with Strategic Planning

Start Qualified Production Property and learn how to evaluate eligibility and apply QPP rules effectively.