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Get your taxes done using TurboTax
Were the "assets" used in 2023? Why take an expense if you have no income from this church in 2023? If they were indeed used in 2023 you should depreciate them instead of doing the Sec 179 in a year when you have no income. Then they can be depreciated in years when you do have income from the church.
‎April 14, 2024
6:08 PM