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| Are you paying property taxes on the new tires? If you don't its a repair. If you depreciate it then its a capital expense. Same is true on a truck rear end or combine sieves. The only time the IRS is going to question that logic is a new engine. That's because its a new block. However, if you simply overhaul the motor, that's a series of repairs and can either be depreciated or considered a repair. A rear end in a truck is also both depending on the work done. If its simply rebuilt its a repair. | |
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Tire tax question
