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Subject:  Re: When is depreciation required? Date:  2/5/2000  9:16 PM
Author:  TMFTaxes Number:  27394 of 133128

The original statement was...

<<Also, you may not take 179 if it gives you an operating loss unless you carry forward the excess 179 deduction against future 179 deductions. YOu don't want to do that.>>

And RooCat sez...

<<And why not? I have used it for the better of the client when we knew the following year was going to be much higher income.>>

And I agree. If you have a pretty good feeling going forward that the max 179 limits will not be reached in the following year, and the following year will produce enought profit to be able to use the carryover 179 expense from the prior year, it's a good way to go. Something that you should at least consider.

It sure beats taking 3, 5, or 7 (or more) depreciation in the year of the loss and then having to wait all those years to get the full benefit of the depreciation deduction.

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