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Thanks for the news Dude.

Now, maybe someone with better tax accounting skills can explain why the bonus depreciation is better that the std depreciation. It seeems to me that by taking the extra depreciation up front in year 1, that there is less depreciation benefit for subsequent tax years.

When does the bonus depreciation make the most sense to use?
 

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Awesome news. Been waiting to see when they're going to extend it. Was worry for a bit that I'll only get 1-year depreciation for the Sport. Still have to wait for the Senate to pass, which accordingly to the article might drag on till end of the year.

Kinda worry that last year might have been the last year for big SUV write-offs. Glad it's extended. Helps small business. Especially those with low overhead but profitable, but not enough to be wealthy.

-ThinkMac-
 

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I'm more worried about having to pay capital gains tax on my FFRR than dealing with depreciation. :)

That said I'll be happy if they pass this, as it has bearing on other assets.

Thanks for the heads up.
 
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