@oneacross wrote:
You can expense an item placed into service in 2022, even though it was purchased in 2020? That sounds great!
Which IRS publication says this?
thanks! @Carl
No IRS publication says that.
See https://www.irs.gov/businesses/small-businesses-self-employed/tangible-property-final-regulations#Ad...
You expense property in the tax year during which you paid for that property.
