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#2
02-19-2004, 03:32 PM
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 Re: Depreciation on equipment Man with a camera wrote: - quote - > Ray "Harlan Lunsford" <lunstax[at]bellsouth.net> wrote:
Okay then. What you're looking to do, then, is use SEction> > Man with a camera wrote: > > > Last year I purchased a considerable amount of equipment. Is > > > there any way that I can take the full depreciation this > > > year? The equipment ranges from cameras to office equipment. > > > What are my options? > > Could you perhaps define "considerable"? > About $10,000 in studio and office equipment. 179 for the cost of the equipment. Just be advised that your profits, and/or your w2 income must be sufficient to absorb such a deduction. If you're a partnership or S Corporation, it's a horse of a different colour. Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
02-18-2004, 05:48 PM
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| Re: Depreciation on equipment Ray "Harlan Lunsford" <lunstax[at]bellsouth.net> wrote: - quote - > Man with a camera wrote:
About $10,000 in studio and office equipment.> > Last year I purchased a considerable amount of equipment. Is > > there any way that I can take the full depreciation this > > year? The equipment ranges from cameras to office equipment. > > What are my options? > Could you perhaps define "considerable"? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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02-17-2004, 09:51 PM
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| Re: Depreciation on equipment Man with a camera wrote: - quote - > Last year I purchased a considerable amount of equipment. Is
Could you perhaps define "considerable"?> there any way that I can take the full depreciation this > year? The equipment ranges from cameras to office equipment. > What are my options? Cheer$, Harlan Lunsford, EA n LA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
02-16-2004, 06:10 PM
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| Depreciation on equipment Last year I purchased a considerable amount of equipment. Is there any way that I can take the full depreciation this year? The equipment ranges from cameras to office equipment. What are my options? Ray << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| depreciation, equipment |
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