Evaluating Bonus Depreciation vs. Section 179 Deductions Webinar

Summary

Many states do not accept bonus depreciation, so tax professionals often do not consider it an option. This webinar reviews the requirements for bonus depreciation and Section 179 while comparing the options, including what happens when business use falls to 50% or below.

Objectives

Upon completion of this course, you will be able to:

• Determine if an asset is eligible for bonus depreciation and/or Section 179
• Establish the basis for depreciation and calculate the appropriate deduction
• Understand the limits on Section 179 regarding value limit, deduction limit and business income limit
• Compare and contrast each possible deduction and explain the advantages and disadvantages to clients
• Recognize, calculate and report the recapture when business use falls to 50% or less

Course Details

Subject matter experts will answer your questions during the presentation. We make every effort to answer as many questions as possible during the webinar but we may not be able to directly address every question.

This webinar includes the presentation slides, attendee top questions and access to the webinar recording.