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You'll just have to pay more taxes in the future

Posted on: March 24, 2020 at 12:40:45 CT

BigDave MU

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M.O.B. Votes:

Depreciation is an allocation of the cost of an asset over multiple tax periods. Sec 179 allows you to accelerate the depreciation up front. So it is good in the year you buy the asset, but eventually results in additional taxes being paid in future years because you took all the depreciation in the first year.

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if you own a business, when this is over, get solar panels - tigerinhogtown STL - 3/24 11:38:34

You'll just have to pay more taxes in the future - BigDave MU - 3/24 12:40:45

And this is the biggest goverment scam in the last 20 years - TigerFan92 MU - 3/24 12:40:01

FYI peak is 5-7pm and there is no wind or solar - TigerFan92 MU - 3/24 12:44:24

RE: if you own a business, when this is over, get solar panels - True Son MU - 3/24 12:19:10

it does NOT include distribution, but it is 1 for 1 - tigerinhogtown STL - 3/24 12:26:21

RE: it does NOT include distribution, but it is 1 for 1 - True Son MU - 3/24 12:30:29

I don't actually use what I generate, it all goes to the - tigerinhogtown STL - 3/24 12:35:49

Ah, so a connection between corona and solar panels! - Nebraska99 STL - 3/24 11:48:07

so you net paid $20K? - meatiger MU - 3/24 11:40:55

yep, the guys I bought it from never mentioned depr - tigerinhogtown STL - 3/24 12:08:02

I had a guy come out and estimate how much I'll save... - Role Call MU - 3/24 11:45:04

this is true, in AR it's 1 for 1 - tigerinhogtown STL - 3/24 12:09:51

Are there any figures on property value - meatiger MU - 3/24 11:46:44