mhs1826
Level 2
12-06-2024
10:51 AM
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Can you take Bonus Depreciation on a piece of equipment (Table Saw) that was originally purchased by the taxpayer prior to forming a business and converted to business use in 2024?
I know that Sec 179 can't be used but I haven't found anything so far that categorially states Bonus Depreciation can be utilized. Thanks.
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