davisyates11
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Yes, that is very helpful thank you!I also reviewed the IRS website, which states: "You begin to claim depreciation when your property is placed in service for ...
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Thank you for such a detailed and quick response!If I may seek further clarity, let's say the December capital expense is $20,000, but it doesn't arrive until m...
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I am confused on where turbotax thinks the withheld tax is? None of my 1099's had any withheld income tax.
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- Got Cheered for For a new business, can I fully deduct a capital expense from December 2023 in 2024?. April 7, 2024 1:08 PM
- Posted Re: For a new business, can I fully deduct a capital expense from December 2023 in 2024? on Get your taxes done using TurboTax. December 14, 2023 4:43 PM
- Cheered Re: For a new business, can I fully deduct a capital expense from December 2023 in 2024? for Critter-3. December 14, 2023 3:36 PM
- Posted Re: For a new business, can I fully deduct a capital expense from December 2023 in 2024? on Get your taxes done using TurboTax. December 14, 2023 3:35 PM
- Cheered Re: For a new business, can I fully deduct a capital expense from December 2023 in 2024? for Opus 17. December 14, 2023 3:23 PM
- Posted For a new business, can I fully deduct a capital expense from December 2023 in 2024? on Get your taxes done using TurboTax. December 14, 2023 2:46 PM
- Posted Re: How is turbo tax calculating my 1099 taxes withheld? None of my 1099's had any income tax wit... on Retirement tax questions. April 3, 2023 2:53 PM
- Posted How is turbo tax calculating my 1099 taxes withheld? None of my 1099's had any income tax withheld, but my tax summary has over $5,000 in taxes withheld. on Retirement tax questions. April 3, 2023 2:29 PM