Bonus depreciation limit?
Is there any limit to 100% bonus depreciation (not Sec. 179)? $4 million profit before depreciation with $3 million of equipment qualifying for 100% bonus depreciation = $1 million taxable?
Is there any limit to 100% bonus depreciation (not Sec. 179)? $4 million profit before depreciation with $3 million of equipment qualifying for 100% bonus depreciation = $1 million taxable?
There is not limit. If the assets qualify, you can claim the full amount.
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