NW Ohio | cornstalk - 10/2/2015 10:08
If you are going to be in a high tax bracket this year, and expect to be in a lower tax bracket next year, there is nothing wrong with borrowing money and buying the equipment this year for the write off. If you are in the top bracket you sure don't want to generate more cash by selling grain to pay for it. Borrow the money, buy the equipment and pay it off next year when you sell some grain.
Agree 100% |