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Section 179 (or bonus depreciation) and Personal Equipment with Capital Contribution
I acquire a LLC in 2022 as the single member and contributed some computer servers and equipment such as NAS and UPS that I purchased (before I acquired the company) as the company's capital. I wonder if I can use Section 179 or bonus depreciation to deduct them in 2022. These assets are 100% for company's use. Thanks.
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‎December 15, 2022
8:44 AM