You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. Since you couldn't place it in service...
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Thank you :)
You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. Since you couldn't place it in service...
what about gear that i already purchased ......
what about gear that i already purchased ... prior to registering the business? ... and on my personal card ...can i still use it if i open as a sole proprietor?
writing off taxes next year
Hi,
i am about to register my photography business (as sole prop. for now) and i already purchased 80% of my gear, my question is can i claim all that gear on my tax return next year even though i...