Moving Personal Equipment Into a Business: Original Cost Is Not Always Depreciation Basis
A conversion can require separate depreciation, gain, and loss bases.
TOPIC COLLECTION
Asset decisions
A focused reading path from The Profit Planning Journal. Start with the question closest to your situation, then review the linked sources and documentation steps.
Section 179 Has an Income Limit: A Large Equipment Election Can Become a Carryforward
The annual dollar ceiling is only one of the deduction tests.
A December Equipment Purchase Can Trigger the Mid-Quarter Depreciation Convention
Review the forty-percent test before assigning first-year depreciation.