Jane918
Level 3
03-05-2020
08:41 AM
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I am trying to write off a tractor (section 179) for $17,533. It's most beneficial to only write off $10,433 and depreciate the remaining $7,100 over 5 years. There is a net profit on the farm, even after writing off the entire $17,533. I understand that you can't section 179 anything to create a loss.
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