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  #1  
Old 03-22-2004, 10:46 PM
eazy eazy is offline
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Join Date: Mar 2004
Location: Texas
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Tax Deductible Items and Depreciable Items

Ok, which items are Tax Deductible and Depreciable Items?
Thats about all I know about the two.

If you could, please give ALL the input you could, what the difference is? how they work? and which one I should use?

Thanks for your time,
eazy
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  #2  
Old 03-22-2004, 11:28 PM
monkey9197 monkey9197 is offline
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call an accountant
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  #3  
Old 03-23-2004, 07:48 AM
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Grassmechanic Grassmechanic is offline
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In short, tax deductible are items that have one use or a short use, i.e. office supplies, gas, oil, etc. Depreciable items are usually things that have a usable life of a year or more, i.e. mowers, vehicles, etc. And as monkey said, call an accountant.
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  #4  
Old 03-24-2004, 06:33 PM
eazy eazy is offline
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Anymore input?

Thanks,
eazy
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  #5  
Old 03-24-2004, 06:51 PM
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mtdman mtdman is offline
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Call an accountant. Beyond that, write offs are usually the small ticket items. Larger cost items must be capitolized and depreciated. However, most depreciable items can be written off all at once with a 179 expense (except for 'listed items').

Unless you're going to take the time to read the tax code, call an accountant.

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