In my case, I do have net income that exceeds the cost of the pianos, so I can just take 100% for 2025 with section 179 and be done. Bonus depreciation wouldn't...
As a follow-up, we consulted an attorney and confirmed that code section 2040, 1014, and 2036 would also apply in this scenario and that the joint owner would r...
Yes, I know where you are coming from since I am trustee for several trusts my parents set up 30 years ago for my brother who cannot manage money. We got our es...
