Would a new fishing boat and motor ($52000.00) qualify for the economic stimulus bonus depreciation? 50% Client is a fishing guide and he purchased this boat and motor in Nov. of 2014. I set this up on the following Macrs--5 year--150DB--MQ, but if it qualified for the bonus depreciation that would be nice
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Last edited by b52bomer; 05-13-2015, 12:23 AM. -
50% bonus depreciation was included in the Tax Extender bill. So you could elect to take a 50% bonus depreciation for new assets placed in business in 2014.Taxes after all are the dues that we pay for the privileges of membership in an organized society. - FDR -
Additional rules are business use must be greater than 50%. In addition to being purchased in 2014, it must have been placed in service in 2014.Comment
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