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re: New Accountant Needs Help: § 179 Depreciation Deduction

Posted on 2/14/14 at 7:14 pm to
Posted by simonizer
no
Member since Oct 2008
1647 posts
Posted on 2/14/14 at 7:14 pm to
25k is for 2014. pretty sure he is doing 2013 taxes.
Posted by VetteGuy
Member since Feb 2008
28309 posts
Posted on 2/14/14 at 7:16 pm to
Yeah, it changes this year, right?

It was really good last year, but not as good this year?
Posted by BoostAddict
Member since Jun 2007
2989 posts
Posted on 2/14/14 at 7:20 pm to
Fkin Turbo Tax does that shite well.

Download it if you can't figure it out!
Posted by Smoke7024
Member since Jun 2010
22701 posts
Posted on 2/14/14 at 7:32 pm to
Pretty sure it's limited on a truck like that at 25k. He can then take 50% bonus depreciation plus macrs. Haven't done taxes in awhile, but I'm pretty sure this is the case here.
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