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Deductions & credits
If your purchases were less than $2,500 each, they can be directly expensed rather than capitalized and depreciated in any form. This eliminates depreciation recapture all around.
There is a small difference between the Section 179 and Special Depreciation Allowance recapture, but the two methods look the same for most assets in the year the asset is placed in service.
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‎April 19, 2022
10:15 AM