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Deductions & credits
It is a tax planning alternative. If you take special depreciation in the year of purchase, you do not have any depreciation to take in future tax years. If you already have a business loss or lower income in the current year, it may be wise to defer the depreciation into later years, especially if you expect income to increase without additional capital assets to reduce the taxable income.
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‎July 9, 2020
6:31 AM