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Trying to finish a friend's return for their business. Had a very bad year on a startup. Do they
actually have to declare the depreciation for Tenant Improvements and Equipment? Definitely
won't S179, but even the depreciation will make the banks nervous, and I can't find anything
that says when you have to start the depreciation schedule. Thanks, I know everyone's busy
today. Unless you're smarter than I:)

You don't have to take the depreciation, however, when you sell an asset you must recapture the depreciation that you should have taken. Eventually you'll depreciate down to zero, so maybe you'd prefer to start next year? Ed
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