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Tag Archive 'Personal Property'

We all applauded when bonus depreciation for 2008-2009 was announced as a way to justify new equipment purchases. Many buying decisions were delayed as the economy weakened and time was marching on as tired equipment was constantly being repaired to keep businesses running smoothly. The bad news is that accelerated (bonus) depreciation will result in [...]

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Section 1031 is well known for its advantageous tax deferral for the sale of business or investment use real property, it is less well known for its tax advantages for the sale of business use personal property. Trains, planes and automobiles are not just transportation modalities but are also classified as personal property eligible for [...]

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