11-23-2015, 09:04 PM
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#129
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Senior Member
Join Date: Jul 2014
Drives: 2020 Hakone
Location: London, Ont
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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...  |
Quote:
Originally Posted by Ultramaroon
Hey, HEY! Coming in here with your facts and stuff.
Ok, actually that was pretty good.  |
My guess is that this is the first time in recorded history that a sentence such as that had the words "pretty good" attached to it.
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Racecar spelled backwards is Racecar, because Racecar.
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