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Business & farm
@waefsr wrote:
I did find the treatment for year two in both cases. If I can get 2018 fixed for the bonus depreciation instead of Section 179 and refile that, then I should be able to take approximately $5k in 2019, and have it fully depreciated by 2023. Otherwise, I would have to wait until 2024 before I can take anymore depreciation under Section 179 and not have it fully depreciated until later. At least that is what it seems to be.
🐵
I'm impressed. Yes, that is mostly correct. Out of curiosity, what were your sources for figuring that out?
February 24, 2020
4:03 PM