I purchased capital equipment in third quarter of 2020, 7 years Propoerty MQ Method: 200 DB I received a
$3, 411 Deduction. I am working on 2021 taxes. I purchased new equipment in 2021 which I listed: When asked if I wanted to take this annual election I opted YES.
My Question is I don't see anywhere where I get the next 6 years of depreciation for future taxes On the equipment purchased in 2020. Also, I am paying every month on this equipment which is around $18,000 a year...I am writing off the interest on this equipment but can I expense the annual cost. Thanks
