The math involved in calculating the tax deduction may result in a value between $0.30 and $0.60 that is a fraction with multiple decimal places, such as $0.4287/sq.ft. Will there be a regulation regarding rounding, or will the exact numbers be applied (e.g., $0.4287 x 1000 sq.ft. is $428.70, while $0.43 x 1000 sq.ft. is $430.00)? 

There probably will be no mention of rounding in the regulations. The owner’s tax preparer will calculate the actual tax deduction for the owner based on its tax rate and normal procedures.

• Back to Main | Print this page