What is a classification period?
The classification period refers to the length of time your classification (Not Qualified, Qualified or Highly Qualified) will be on file with the Attorney General. The classification period begins on the 1st day of June following the submission of the application and continues for two years ending on the 31st day of May.
Related Questions
- We replaced the roof on a residential rental property and need to know what to use for the classification and recovery period to calculate depreciation?
- What happens if the equipment breaks down before the end of the warranty period?
- What is the period of time in which I should start packing the goods?