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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (89018)	1/9/2004 6:33:30 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 209892

Section 179 and 201 are the deductions. First. I'm not a tax proffesional... If the equipment cost $250K Section 179 and 201 combined will allow you to write off: Section 179 $ 100K Section 201 50% of balance (150K) 75K First year 20% depreciation 15K ======= Total first year depreciation $ 190K Using Section 201 only would allow for a 150K 1st year depreciation. Like I said before thou, you have to make it, before you can write it off... That is the biggest problem with my customers, they tend not to show much of a profit...