TaxGuyBill
Level 15
03-10-2024
01:54 PM
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@joel727 wrote:
What are you doing about business clients that acquired new assets in 2023 whether to take the 80% or the proposed hundred percent for special depreciation
I discuss the options with the client: (a) Use Section 179 (if it is able to be used), (b) File now with 80% and they would potentially need to pay me to amend if Congress retroactively changes it, or (c) Wait a few more weeks to file to see if Congress does anything about it.