0 Members and 1 Guest are viewing this topic.
https://ctba.com/race-horse-depreciation-extended/#:~:text=The%20provision%20allows%20taxpayers%20to%20depreciate%2C%20on%20a,into%20service%2C%20as%20opposed%20to%20a%20seven-year%20schedule.The provision allows taxpayers to depreciate, on a three-year schedule, racehorses 24 months of age and younger when purchased and placed into service, as opposed to a seven-year schedule.
What about 100% Bonus Depreciation in the first year of depreciation when considered to be placed in service? When the business "asset" is first eligible for depreciation, then 100% of the cost can be written off that year.
With all your knowledge and $$$$ I’m shocked you ain’t got a horse or two in the hambo
Sorry comment was meant for pigeon Bird shit for brains Cigar what's up. Hawthorne is over and your done training your 4k claimers? Hambo, no learned long ago buying fillies were the better route. Did have a 4th in the BC. Thanks for chiming in.