So you're thinking that those items expensed under safe harbor are still assets sitting on my company's balance sheet for tax purposes? And liquidating my corporation and transferring the items to myself would cause a taxable event? Or is it only taxable if the fair market value of the items are more than what I originally paid for them?
Also, to my CPA's credit, she made me well aware that there would be no change in tax treatment. She was just telling me that I could make the switch to avoid having to complete the corporate formalities. So I am just weighing my options.
