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Capital repairs and expenditures
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kb ag
Posted 1/27/2024 09:52 (#10595847 - in reply to #10594397)
Subject: RE: Capital repairs and expenditures


nc ks		Dang, I think I would have let it sit until I found an 8335r with a bad transmission.

Use 179 for repairs. I think the tax code actually requires depreciation for new engines. And maybe that doesn't allow 179, I am not sure.

I don't encourage this or practice it, but if you can buy a tractor and sell a like tractor every year, you just made 15% on the deal.

Edited by kb ag 1/27/2024 09:58
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