Quote:
Originally Posted by Toyarzee
It's actually considered a capital ASSET, which does still mean it's depreciable personal property. If it's used for business purposes, it may even stretch to equate as section 1231 property so the Service can recapture that depreciation expense taken in excess of its resale price basis in the course of business on your Sch. C...  |
Hey, HEY! Coming in here with your facts and stuff.
Ok, actually that was pretty good.
