This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- When the Alternative Depreciation System (ADS) is mandatory for property such as foreign use and tax-exempt use property.

- The consequences of a real property trade or business electing out of the Section 163(j) interest limitation.

- How ADS utilizes the straight-line method over longer recovery periods compared to the General Depreciation System (GDS).

- The rule that property depreciated under ADS is ineligible for bonus depreciation, a common exam trap.

- The binding and irrevocable nature of an election to use ADS for a specific class of property for a given tax year.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep