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Deductions & credits
As TaxGuyBill wrote above:
"Many items over $200 are depreciated over a number of years as "Assets". The Special Depreciation Allowance gives you 50% of that deduction in the first year, then the other 50% is depreciated as usual. Starting September 28th, 2017, the Special Depreciation Allowance was changed to 100%.
It is an automatic thing. You need to specifically elect OUT of it if you do not want it."
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‎June 11, 2020
12:30 PM