I understand about not distorting expenses vs. income. And then came all the huge §179 deducts, but I think that was more to stimulate investment.
Just for the fun of it, I'm going to look at my past returns (for tax bracket), and see how much I saved each year in taxes by depreciating- and then how much it cost me to recapture it all in one year, in a higher tax bracket. Then run it as investment property and see how it would come out that way. I'll post how it comes out.
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Today's Featured Article - Field Modifications (Sins of the Farmer) - by Staff. Picture a new Chevrolet driving down the street without it's grill, right fender and trunk lid. Imagine a crude hole made in the hood to accommodate a new taller air cleaner, the fender wells cut away to make way for larger tires, and half of a sliding glass door used to replace the windshield. Top that off with an old set of '36 Ford headlight shells bolted to the hood. Pretty unlikely for a car... but for a tractor, this is pretty normal. It seems that more often than not they a
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