The property was a neon sign that I abandoned when I closed the business. The business was a single-member LLC that for tax purposes was treated as a sole propr...
Thanks. Yes, this seems to be what was going on. At first I thought it was adding it back as recapture but then I realized it was actually deducting a bigger lo...
I'm in the same situation. I purchased an external sign in 2023. Took section 179 depreciation then closed my business 5/31/25. It was in use up to the date the...
