- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
I am not certain about other states that levy a tangible personal property tax, but that particular tax in Florida (assessed and collected by each county) is completely decoupled from any federal income tax deduction, such as bonus depreciation, Section 179, et al. (i.e., the basis may be reduced to zero for federal income tax purposes but Florida has its own schedule for the purposes of its tangible personal property tax.
‎February 14, 2023
1:58 PM
1,255 Views