Notice 2026-11: Interim Guidance on Additional First Year Depreciation Deduction under § 168(k)

Notice 2026-11 announces that the Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) intend to issue proposed regulations (forthcoming proposed regulations) that would implement the additional first year depreciation deduction under § 168(k) of the Internal Revenue Code (Code), as amended by §§ 70301 and 70434(g) of Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBBA), including proposed regulations that would modify § 1.168(k)-2 to include applicable qualified sound recording productions commencing in taxable years ending after July 4, 2025. The Treasury Department and IRS expect the forthcoming proposed regulations to be consistent with the interim guidance provided in sections 3 through 5 of this notice.

Notice 2026-11 will be in IRB: 2026-6, dated: February 2, 2026.

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