Posted 12/24/2024 14:44 (#11024282 - in reply to #11024185) Subject: The deferred tax liability with 179 comes when...............
NEMO
You use the 179 deduction in year it was bought, but buy the machinery(or whatever) with payments. If the buyer 179's all the purchase, any principal in the following years on that particular piece of equipment is taxable until it's paid for. No way around it. Pay for it the year you buy it, 179 it all works real good.
Balance Sheet-What's the point?
