Max W Posted February 15, 2018 Report Share Posted February 15, 2018 I have tried to avoid any discussion of the new tax law, but I have a client that has to start making plans for a substantial purchase of business assets. He is contemplating buying large metal ship type containers and renting them out for storage. They will be 7 year personal property as they will not be permanent structures. The new law, allow $1M Sec 179 and 100% of Bonus Depreciation. The purchase is contemplated to be $2.5 Million. It seems the 100% B.D. is unlimited. Does anyone know if this is correct? TIA Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted February 16, 2018 Report Share Posted February 16, 2018 I believe it is. I've never heard of any limit on bonus depreciation, and it's been around for years. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.