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Business & farm
That is a huge question, but the simplified answer is that they are very similar. For most people and situations, the Special Depreciation Allowance is preferable for Federal purposes. One reason for that is because if you use Section 179 and then in a later year the business percentage drops to 50% or less, there is a "recapture" provision. The Special Depreciation Allowance does not have that (which is good).
March 22, 2020
8:40 AM
4,805 Views