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#17
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![]() Robert M. Gary wrote: You come out ahead because a dollar today is better than a dollar tomorrow. However, in the end, the thing will depreciate as much as it will depreciate. Taking accelerated depreciation just means you can capture that depreciation faster. Its just a paperwork thing. When you sell it, any gains get recaptured and you end up paying back any acceleration. Unless tax rates have changed since I had depreciable property about two years ago, you may also come out ahead because the depreciation recapture rate is 25%, but when you were depreciating you may have been taking the depreciation deduction against income in a higher bracket like 28% or 33%. Of course as noted elsewhere in this thread, that won't help with the winner of this plane because you can't take depreciation against an asset you got for free. |
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