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IA | Thanks jake. I read your post three times and still not sure i get it. Im kind of a simpleton when it comes to tax code. So basically the way i understand it is if i build a shed in 11 i can depericate the whole amount in 11? If i dont depericate it all in 11 the remainder is depericated over 20 years? I was planning on financing a portion of the purchase so the problem i see with taking 100% depreciation is in later years would be making a payment and hoving no deductions other than interest. Is that correct? I should probably go talk to a CPA. Thanks for the help
Edited by rupert 1/20/2011 16:31
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Some misconceptions about depreciating a machine shed........
