@DEBTT Code 181 allows an investor in a qualified film or television or live theatrical production to expense the purchases of equipment and other items which would normally be required to be depreciated over a number of years. Thus, you may be able to accelerate the deduction of major purchases. In general, the production must have a budget of under $15,000,000 and the production must be done in the United States. Here is more on the section Section 181
Section 168(a) applies to accelerated depreciation, wherein you are allowed to deduct more in the early useful life of an asset than you would under straight line depreciation, where you take an even deduction each year. Here is more on section 168(a) Section 168(a)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
