Bonus Depreciation Recapture - When Business Use Falls Below 50%

Описание к видео Bonus Depreciation Recapture - When Business Use Falls Below 50%

If you are a business owner and take the bonus depreciation deduction for a business vehicle, you need to continue to track your business usage in subsequent years.

If the business use falls below 50%, you are in for a rude awakening. In the year business use drops below 50%, there is a required bonus depreciation recapture.

For a video on the eligibility of the bonus depreciation deduction, check here:
   • 100% Bonus Depreciation for SUVs for ...  

For a larger database of tutorials, please visit our website and search for your question:
https://knottlearning.com/

DISCLAIMER: The information provided in this video may contain information about tax, financial, and legal topics. Such materials are for informational purposes only and may not reflect the most current developments. These informational materials are not intended and should not be taken as tax, financial, or legal advice. You should contact an advisor to discuss your specific facts and circumstances. Self-help services may not be permitted in all states or jurisdictions. The use of these materials does not create an attorney-client or confidential relationship. This video does not include information about every topic or issue related to these informational materials.

#IRS #Taxes #BonusDepreciation

Комментарии

Информация по комментариям в разработке