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Depreciation (Income Tax Write-off)
by Arthur.Rubin | Apr 16 '02
Depreciation is a way of deducting the cost of durable business property over time. It has little to do with accounting principles, but you must take it if eligible.

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Comments on Depreciation (Income Tax Write-off)" (4 total)  
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Re: New to complex tax returns... (Reply to this comment)
by Arthur.Rubin
I can't say I like that sentence much, either. But I was writing to deadline....

My intent was to say that that, even if the AMT "life" and regular depreciation "life" are the same number of years for a specified asset, the allowable regular depreciation may be more in earlier years than the allowable AMT depreciation.

I don't know if it's "fair" to edit a write-off entry after the deadline, so I've only done that in case of an error of fact in my other entry in this writeoff.
Jan 24 '04
8:09 am PST

New to complex tax returns... (Reply to this comment)
by asafono
But this should help me with rental RE depreciation for 2003 if I decide to do our taxes myself.

The following sentence,
(Note also that AMT depreciation schedules may be slower than regular depreciation schedules, because of Accelerated Depreciation, even if the depreciation time is the same.)


was hard for me to understand...
Jan 23 '04
8:28 am PST

Re: ! (Reply to this comment)
by Arthur.Rubin
You're on the East Coast, aren't you?

If you posted at 12:02 am on 4/18 there, it was 9:02 pm on 4/17 at Epinions. You're not late.
Apr 17 '02
6:09 am PDT

! (Reply to this comment)
by jro26
Great submission Arthur!

Thanks for hosting this write off...I'm 2 minutes late but I just got mine done!

Take care,

Jillian
Apr 16 '02
9:07 pm PDT