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Turn depreciation deduction rules upside down

by on
in Small Business Tax,Small Business Tax Deduction Strategies

If you go by the book, you should buy equipment late in the year. Reason: Under the Modified Accelerated Cost Recovery System (MACRS), you can claim a depreciation deduction based on a half-year’s use, even if you use the equipment only for a few days in the year. Of course, you might not be able to wait that long to replace outdated or obsolete equipment ...

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