Posted by Texasmark1 on February 11, 2017 at 02:00:12 from (184.20.249.214):
In Reply to: Re: Depreciation posted by Check Break on February 10, 2017 at 23:48:14:
Picking the answer I like.....grin. What you said goes along with what was another (can't get to your name from here to quote you sir) person's comment about something you may purchase and it sits for awhile till you "put it in service" then you set up your depreciation......as the code states....when you put something in service..
That's my way of thinking and makes sense to me. For the years 7 and 8 it's essentially "out of service" and when you put it back in service it resumes the depreciation schedule.
On farming and CPAs. especially urban ones used to handling "city slicker" business items, my experience is that they aren't connected to the real world of farming! I'll take my chances reading the instructions and doing my taxes the best way I know how. Besides, if you act like a professional, IRS treats you as such; has been my experience anyway. IRS, Social Security, Medicare, all real world professional folks. All the media boo booing is just that. Find the other side of the story and you will probably find the reason for the problem with them.
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