Posted 12/26/2024 10:51 (#11026673 - in reply to #11025254) Subject: RE: The deferred tax liability with 179 comes when...............
USA
packerfan - 12/25/2024 08:59
I feel your math is flawed. How can you get a dollar for dollar tax deduction on 179 farm expenses? You say spend the 400k and pay no tax? That 400k only saves you ~140k in tax. Explain.
Income tax would only paid if the $400,000 was not spent. Would = $260,000 cash after tax money to invest vs having the full $400,000 to invest if can 179 it.
Balance Sheet-What's the point?
