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Snow Cone Stand, SEC179?

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    Snow Cone Stand, SEC179?

    I have a client who purchased a new, portable Sno Cone Stand. Did not purchase land. They have arranged leases to place it on various properties around town during the year, but it is NOT a motor vehicle. Basically built on a small trailer platform Does it qualify as 179 property? Not exactly real estate but not exactly non-qualifying as far as my knowledge of 179 goes. Any opinions?
    Thanks

    #2
    There are only two types of property: Real property and personal property. The latter is further divided into two kinds ... tangible and intangible. A movable trailer with a small retail business mounted on it sure sounds like tangible personal property to me.
    Roland Slugg
    "I do what I can."

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      #3
      This item is considered business equipment. Not sure it qualifies for 179 however, is that the best thing to do for the TP?
      I don't like to 179 items for a new business because it frequently wastes the deduction. I check the bottom line without it then with it. If it doesn't change the return significantly I depreciation it because that is usually more beneficial if the TP is expecting the business income to increase in coming years.
      Believe nothing you have not personally researched and verified.

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