Thanks so much, that really clarifies things for me. that 'whichever is lower' is a nasty piece of work, but as you say, it's the law. And thanks for the strategy of taking as little depreciation as possible. Good tip. What a wonderful resource this site is.I've had the experience of paying for an hour's time of a lawyer/tax accountant. I spent 55 minutes while he told me what I already knew, and then 5 minutes telling me he'd have to look into my question, and charge me for another session to get the answer. Here, it got resolved in three posts. Thank you sincerely!
