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I have the same issue. My client has an NOL in 2024. I assume form 172 should be filed with the tax return to report the NOL. I'm not sure how the Carryforward ...
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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 b...
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Thanks for your responses and I agree with you (TaxGuyBill)As an FYI the Bradford Tax Institute has an article discussing how to take the SL depreciation after ...
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Client used standard mileage the 1st year and actual expenses for the next several years.Now that the vehicle is fully depreciated, can i switch back to standar...
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I have a client who installed a ductless mini split heat pump system.So I had the same question - can I take a credit to for both AC & Heat Pump.I think Lisa ha...
