Boone & Crockett - 12/24/2024 18:21
ricefarmer14 - 12/24/2024 19:05
Hey Coup, I’ve read enough of your posts to know you run some older equipment (a nice stuff that gets job done) as do I…talking to accountant my depreciation is running out but so is my equipment debt.
I’ve really enjoyed paying little in taxes over the years and it’s nice to have close to no equipment debt but how should one handle this situation? Don’t really want to buy more to just get more depreciation…
Well, depending on your income, you could pay yourself up 400 grand and deduct it. No equipment, just cash in a qualified retirement plan, earning a competitive interest rate.
Balance Sheet-What's the point?
