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Get your taxes done using TurboTax
That is a debatable question. If you have a lot of income when you purchase items, it might be better to take the deduction up front.
If income is constant, and you want to have a deduction against the income in the future, then electing to depreciate over time might be better.
It depends on financial status, income stream, do you want a big deduction now, or have some deduction(s) in the future.
**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**
‎April 26, 2022
12:18 PM