Buying Depreciating Assets for Deductions β #7 in Top 10 Most Overrated Tax Strategies | Top10Grid
#7
Buying Depreciating Assets for Deductions
The "buy a truck over 6,000 lbs for a Section 179 deduction" crowd forgets that spending $70,000 to save $20,000 in taxes still means you are $50,000 poorer and stuck with a rapidly depreciating vehicle you may not need.
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