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Thanks for asking your question! I'm sorry to hear about your tax issue and I'm going to try my best to help you understand or resolve it.
On your state return, you would claim $25,000 of section 179 and then you would depreciate the other $25,000 over the useful life of the asset
So, you won't have a full $50,000 deduction in the current year.
Does this make sense?
Yes that makes perfect sense....I forgot to say that I understand for the state I will get the $25k S179 and then of course
less for the depreciated vehicles comprising the other $25 in purchases...thank you SO much...I could not get that answer online anywhere!!!
I'm glad I could help you out. Once satisfied. will you please rate my response as "excellent" so that I may receive credit for assisting you today
absolutely...what a great service, I have spent days looking for answers...I'm sure I will have more questions, can I request you to answer my questions?
Yes, you can let me give you a link hold on a second
If you go to that link, and enter the question below my picture it will come to me directly
terrific thank you again you made my day!