Tax Software

[Armando Beaujolais]

"Ready and available". Hard to be available if there is no business. See the e.g. after this rule. The word "installed" is used.

JG is correct. I had stated that a business need not have been started yet to claim depreciation for an asset that was "ready and available for use in a trade or business." I was poking around some court cases and found that the business does, indeed, need to exist before the "ready and available" provision is relevant.

Sorry bout that.

[JG EA]

Wow!

Appreciate that.