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Bonus Depreciation Rules and Section 179 On-Demand Webinar

Summary

Bonus depreciation and Section 179 expensing allow taxpayers to write off costs for purchasing assets such as property for their trade or business. This webinar will teach you how to determine what assets are eligible, how to make the election and will review limitations for both. We will also discuss tax implications of selling assets or converting them to personal use property from business property. By the end, you’ll be able to help predict when depreciation recapture may impact your client.

Objectives

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

  • Define bonus depreciation and Section 179 expensing.
  • Identify limitations regarding bonus depreciation and Section 179 expensing.
  • Determine what assets are eligible for bonus depreciation.
  • Determine what assets are eligible for Section 179 expensing.
  • Recognize the reporting requirements for both bonus depreciation and Section 179 expensing.
  • Predict when depreciation recapture may impact your client.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Attendee Top Questions. CPE is issued after exam is successfully completed.






   

Presented by: Tom O'Saben, EA, CFP®

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