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Old 12-28-2012, 07:28 PM
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LibertyFarmLandscaping LibertyFarmLandscaping is offline
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Join Date: Aug 2009
Location: NE TX
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Quote:
Originally Posted by BrunoT View Post
Yep, but I have to wonder if they're properly using the depreciation recapture rules to report what they sold the units for.
Well if they trade in their unit at the dealer it's documented so you would be stupid not to cause they would be able to find that info easily if you were audited.

OTOH, if you sell your unit out right and hide the income in cash or a check made out to some one else then act as though the mower was junked after it was used up that maybe a possibility I don't know how it works. I just do what my accountant tells me to minimize what I pay in, not be a red flag for audit, and stay legal.
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Last edited by LibertyFarmLandscaping; 12-28-2012 at 07:34 PM.
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