As we all do, we meet taxpayers from all professionals and this a first for me. Anyone know the depreciation life of a Santa Claus suit?
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I would say 7 years - "Any property that does not have a class life and has not been designated by law as being in any other class."Originally posted by AZ-Tax View Post
BTW - how much do you want for that small lake?
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If that don't beat all
I would go with seven years, too.Originally posted by AZ-Tax View Post
Unless you would then be put on Santa's bad list, in which case I would Section 179 that thing in a heartbeat.If you loan someone $20 and never see them again, it was probably worth it.Comment
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You mean that naughty/nice thing applies even after we're grown up?
Looks like I've got 50+ years of of gift returning to do - I've been receiving presents under false pretenses.Last edited by JohnH; 04-10-2012, 10:26 AM."The only function of economic forecasting is to make astrology look respectful" - John Kenneth GalbraithComment
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