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gotcha but if you use the 100% depreciation....the total amount of machinery would be completely written off in that year regardless of profit
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thank you. appreciate it. however what do you mean by saying Section 179 can not create a loss?
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Would it be different if the company did not make any profit for the year and net was say -10k....? would they still be able to take the deduction? I guess what...
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If a partnership, grossing approximately 485k. The final net is 20k for the tax year, 10k for each partner. However, there was new machinery purchased in 2018 f...
