Announcement

Collapse
No announcement yet.

2013 bonus depreciation

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    2013 bonus depreciation

    A farm building would use a 20 year recoverable period. I believe it qualifies for bonus depreciation in 2013, is that correct?

    thanks

    #2
    Should do.

    I can't see any reason why not.

    Originally posted by gman View Post
    A farm building would use a 20 year recoverable period. I believe it qualifies for bonus depreciation in 2013, is that correct?

    thanks
    Evan Appelman, EA

    Comment


      #3
      Here's a pretty good take on it:



      BB

      Comment


        #4
        You may need to consider if they are capitalizing or expensing certain costs. If they are electing to expense certain farm costs instead of capitalizing under the Uniform Capitalization Rules, they may not qualify for bonus depreciation. You need to check that.

        Comment

        Working...
        X