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    Notes Fedtax Week8

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    Notes Fedtax Week8

    Uploaded by

    jes
    5 views10 pages
    fed tax

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    Notes.fedtax.week8

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    fed tax

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
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    Download as pdf
    5 views10 pages

    Notes Fedtax Week8

    Uploaded by

    jes
    fed tax

    Copyright:

    © All Rights Reserved
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    of 10
    | Zon Ss Schwidete ly Febuary Zero ® ms voy jemi Ib2 Con deduct “Zypenses" = an expenditure w} Seles future Value is nul such an expers’ | =f acquice a proper wha ie, wei no} be able 6 evcemseit under 3162, orl are Should be a voy of deducting de test over bimt | —? ckpreCiation rules provide He meted “Depreciation” i Hue term usea fr fecoecn Ups: cost & tangible proper leeal er personal) - Som mes Called “eos ECOL deductions” SBmorih gabon" is We. tem used for cecu eying Whe cost of intangible property - vel (e. cha: WL, comnaAn + x0 compete) ail ataebie o machine foc FOO can | deprecs ihover Somi: tevm of yea +8169 authorizes depreciathon G | = s 16& ‘Ovi. des. Ve mallhrod Con Deprecialle » | -veo\ and Pur@onol Aanarble Proper } | | > sed in a +vode Br businegs;Or | Phuld. for dhe production ineme bo oe delintd \ader) - Connot Deprecia-te *. | raven tow lect in business of an -chule bre otter examgles) beef ME . i e | = Sti Co. + 20D oeet Ove ¢ its “user 3 vin a i | — many debotes between IRS and TPs over whet Wok uselul Ite wos IRS come out w/a Pub\icahon pla. Aaset Deprectortion SCE or "Class Vives’) — Whit we Ctovhon. ded tava, ria velco! ce oo Cae Josker A . ACRS: rset cut veel ey nol ao Uses, ivesS L\wes of acset+s et dole Ae 4 an& on yeux dav must ¢¢ duce “lee basis. oe Frecdven, System oa NiO CeCicrtion. aS shodex Uaan =S 1Lee\o, Por example, delines ae oa YEON POBLX ibe of than =e ees is alee ‘ ere de Gtucdi wanes Was depreciation Yoall Stra °§ — vs PRT 1 Prof as “Sublect +e hal 6 U a4 \ct Ne aN ovey ri me = ( Mein 7 at det he trek eee a Ni BGs For “ q ont wla Class aes: nen 4 pats and less ee may, eee Neaovex ee eur Convorohion. “4 Suris_ SAH Ss Ns “oe laasia F Sharp (ase - Aeceleraked . serel 12 Wu sone 9 more up Front and kes at We end = prefuralo\e v)¢, You pay less tones now Dy savings ond investment ete. «Me “+ ol ob ft => woulda} proler if rannirg ad loss => §1e3 will wsuall.s oblault you ‘Ato accellerated eyow Wl Wor ee ied to Galewlale precrolkon_ on Hee, AM >> Fair Game?" Whobis te basis of S-yetry prepert in arg — Airplane ouichase - 36", al 8) M000 = 26% lqrainess 92650 “Jo ct wsiass we Allowed +o cepreciale oe percent of \oosis- fox business only lowers dusiness%) basis, wot “R.e personad \pasis =jfLsu “tne Ae basislit deducted 4/00) :s AF 900 for loss of */00 ~ (our Says 70, must treat as 2 d\lbrent assets [allocate Sy URL bal os vebween cock use TB. Af 900 = (00 dee HO = 266 p45 “lo 1 (fi50) #60 Sheng Case = pre bows (vivha bows) 6ld, outot natured Fibers, but a wearout ta ai laut shill goes a vlue ole callechhle —4vied ce e pre. led bil TRS are ee no tale_it é ta value oxer tim: A os was dhe yule Wal utuld t ain lad and Causes problems vai ie to quality it Il S ae if, it OS sou @ ene Re — Cow ime eos is, Ww, => Aces cdl, Se tid vated ee techni C ‘s_trel ea all ACkS ages is “t ds es | to Weay ¢ tear “if go (ts depreciable Somethings Orent pnd as Suck onen't digvecnble |-$ pya peduchons pemils ug ro Www of depreciable Yasis 4p be immediatel expensed es ore to sone rn Sass Cisooal rogevhy and fain corn ey wht ware qua is purchase d -bictve \ ; me (MCL wen elecnor— Pluse Gut Cae oud Bras wh who put depreciable @ x islans property in Service Ane 4 ret Will pote 5 Wort more yan ON eM => yeally onl om EES al ahd | meditim_ businesses depreciate 7 must reduce loasts by 0 3194 (eon der £ any de ductor under regular = pl _ complain hal ih interbees w) ACRS §\ ousinoss’ capital fleroox decisions | = § 19018 fain game on dhe exeun |- 8 2HE Disallonan’ Provision | =takes auay whod 316% (Aces) and $199 _olhewise pend, peduetion 1m “> Iov cova Mex deoreciakd "Pex yea Alb doesn + apply, “Yeon 1 3,160 if Vepicle is . v 2.45006 orer #6006 Ves + Geuv 3 43,060 . te Sy ee —> Applies te cttew a as le) Such ad Computers (" listed t + 2016 aes cell phates as_lisled vopertey vif business use isZunder 60% have 4o use longer tran Race depvecehon we tods Lor deprenolle price cc de old ysefur Like pe > As! ORLY OND evN) L tS not ear eae gue Mnrak extent vod depreciable) eUNLESS Hoe ae ve for Mae convenceme of We e wand requined OS 6 cekante's ein laywant | Qo e fon mi eee Stepo: ear ih 1. 3199 sould} 2. Regular Rules S§ (6%, 163 oe al\al Char for application of & 220° Ua zane ce \aq ime _|__ = intonaille gssets ore amorihzed (deducled a Pye Ee “pes Neen none wi] He } ae On | Tec angles | dwill (ct you pha ay | eo not +o Gameele ong concern value (bucting a * 9004 /otsinass all Sclup and tad 4 e NOT computer soPlwiewe “ou F235 Schwidetely March 22% 224 | and is Nok depreciable -excephon for lungs lie PALA, landscaping, et “Lnpevinunts, to veal entede can ve deweciated t t | t =j-e. bak: -havt +o OH ale purchase vice \oetween land ond existiry a oe Real © as) + Line over nat agri sata eae ® ~Mulh -fanwi li dwellings, —not AUIS], oo - re eg Sic OR service value and “use Hee mid-monn Convenhon Dovestment Achyities. JeSCOTUS ia jhogiae said expenses +o vise Lowestmont aches, dnough vera: exteralue, | nee Do 0 oe ALSS. ees Wess Yesgonded vw) §& 212 Meesiqntd’ to OIL” Bigins gap but hos er applteahon ehos * Ordinawy ond nicessaiv " Jes sin Groetzinger SCOTS detined o ie or | OUSSINES OS one Condutled w) " continuity and | eS. | — Wht Yar TR's Ama, puredse Lor dre ae is malta) a, ot " = Nok Over heloful Udelinion exceet Shak ‘Ss iam . @ Someone must live Went *Nonvesi cknriad Straight \ink over 2A Lo = ladudesion provements Yok do not te | OS yeSidentiol ral estele For vesidenhal ¢* nenvesidentiol veal estate | begin ceprecrortion wi} mone in which pro par Ls Dlaced tn Service | | : | ae adie Orbit or & nebb\ (s | Nor neluded $8 M2 oermits deductions for ordi Nar Ond Wikessary expenses incurred+ |” = Sor reduction and Collection of income deposit C—fov ‘Management, Conservation or maint— boxes w[progy? engvee inside x} an, rv la fo pro Sides ol nga oes e iawesteatnd Nexus, | —linConnechon w) Hu deerminahon, Collocton, er refund of any tax =o ei deductilole under §2\2 ()- lad, if Would ok have been deduchble under § 162 ned been incurred in atode or Wisiness Conleut ES. WW) v. bu olen cane =e nk rv cianY oi orphahaco band | to Mu, ss Sued. defends ea ied to deduct under Sai2b Sas MUS no, Ole. defen din dite (snd déduckide under 2 162 Divorce T*UkPensed incuncd to dodain olimony deductible | undey S21QU0 Guna or Cllechioan ¢ @ income =lox\ expenses 40 defend oopinet Paying Ol mMoNL, ave NOT deduptele exer advice Wr ey in decduckiole under § aials) AI’vY v.8 Wes (Y(2) liMerone (1s RQAWY: ec penses deduchble if Cor production. in Lone ond collechon of iacome I> prdoahiy yee < jusk yd ‘ dior Ses (O12 Lowen daduclgle if transaction enleved into fox Poh s usually ditlerence is wok. imporandy Nout | Whow convent oo WAS oO Sono a wrto ry Vf a e@ = tarp Fox ar a Hori mag de depreciakon «& ae be cant We | bit get lov deduction if Getually_Cend property + oF do comely mo dramatic lie Fearn it down Tinteves| Ev pewtse Deditetion § es permed mood interest +n ce deducte | | Since 1A%b verrvicted ou 8 62 ML), 2YAVG > Bresinslid in case of TR clhev Wan O.corp. ne deduction Bhal\ be allowed Yor personal interest paid or accrued UMN dhe taxalole vedv => 8163 MYR) “oerscnaMinlerest" means any ink alloworole oclex Vac LAS (eves! paid or accrued on indelole duess pore allocable to a brode er busting D> i = (BY ond inverkmen} interest =3 461d) investment interest onl deduct ble 4p Ho evlent & net investment incom > Gener ally ist. e investment income (dividends ; vogalhies ere.) * minus investment exgenses le. c- lavestment odvisor S —>Nek ofind From We Sales oR investweat vt of nek investment income soxcephor: net lon termeapite | ins and dividend® wot included © a advontoge of &\ (nd preferential yox vate *Nordeduch ble \wlerest expenses — gonivall4, intexed+ ex penses associoled Wo tax

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