Posted by 2510Paul on February 11, 2017 at 14:30:16 from (207.118.233.112):
In Reply to: Depreciation posted by Texasmark1 on February 10, 2017 at 14:50:33:
Texasmark1, I suggest you follow Check Break's advice so you don't loose two year of depreciation. I miss spoke. Check Break is obviously the authority here.
Check Break, Yes, I know sometimes a guy wants to help but a little bit of knowledge, like me, can get a guy in trouble. Thanks for jumping in and correcting my erroneous input. I thought my logic was sound but as you said the tax code sometimes throws a curve.
I took an HR Block course one year. I did taxes one tax season for HR Block. I also have been doing my own families taxes for years. I have done a partnership, an LLC, and two trusts for many years. So I know enough to be dangerous. I do like going to the tax code to investigate topics. Yesterday I was looking at Depreciation Recapture. I even get my own copy of "The Tax Book".
It sounds like your knowledge far exceeds my own. I found your use of the word "authority" very interesting, meaning I don't understand the context you used it in.
Ya, this time of year I look at YTMAG or the Tax Code. Ha, Ha.
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