Can a taxpayer with very little current year income choose to not claim any depreciation expense for

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Can a taxpayer with very little current year income choose to not claim any depreciation expense for the current year and thus save depreciation deductions for the future when the taxpayer expects to be more profitable?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Jan 20, 2017 10:35 AM

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Can a taxpayer with very little current year income choose to not claim any depreciation expense for

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Taxpayers must reduce the basis of depreciable property by the deprecia...View the full answer

Taxation Of Individuals And Business Entities 2015

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