Q. Are bonus depreciation deductions reduced for business property placed in service in the last quarter of 2011? J.M., Lansing, Mich.
A. No. The restriction on last-quarter deductions doesn’t apply to property that qualifies for the 100% bonusin 2011. But regular deductions for other property (e.g., used property) may be reduced if the cost of property placed in service in the last quarter of the year exceeds 40% of the cost of all property placed in service during the year (not counting real estate).
Tip: This tax trap may be avoided by electingtreatment for qualified property. The cost is removed from the last-quarter calculation.
Like what you've read? ...Republish it and share great business tips!
Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...
We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.
The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.
" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/29391/no-reduction-of-bonus-depreciation "