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kslocke14
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busines expenses - date acquired

What does the date affect my tax return?  I bought a camera for my photography business.  Does the actual date impact my taxes in any way?

 

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2 Replies

busines expenses - date acquired

Are you adding it as an Asset? Was it over $2500?  The date only matters when adding an Asset. 

busines expenses - date acquired

If you are depreciating it and you acquired it before 2018, it may affect how much of the Special Depreciation Allowance that you qualify for.

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