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Equipment sale tax implications?
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Dave NWIL
Posted 1/10/2019 08:47 (#7234417 - in reply to #7233916)
Subject: RE: Equipment sale tax implications?


No, but you have lots of options on how to depr the tiling equipment. You can use a slower depr schedule. Now 5 years for new equipment and 7 for used. Or you can use any portion of 179 option.

You can also ammend the 2017 return. You need to discuss the options wiht your accountant.
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