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Deductions & credits
@Opus 17 wrote:If the equipment was in storage for the business and not being used, then whatever guidance @tagteam found is probably applicable.
Deductions for equipment (assets used in the business) would be governed by Sections 167, 179, and 168(k) (special depreciation allowance, aka bonus depreciation) and, of course, date placed in service controls.
‎December 17, 2020
11:21 AM
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