Since we’re talking tax deductions here, it seems our film investment deductions have always trumped our rental deductions by a long shot.
One such film investment deduction that we’ve used for several years expired at the end of 2013, but we’ve been able to use a “grandfather clause” (lasting 44 years) to protect this deduction on future projects, as long as we made sure certain requirements had been met by the end of 2013.
