#depreciation
Methods and strategies for depreciating fixed assets including straight-line, MACRS, and accelerated depreciation
Lemon laws cover work trucks in some US states but not others; use, weight, and fleet tests decide, and a Section 179 buyback triggers depreciation recapture.
An 80% coinsurance clause pays $36,750 on a $50,000 loss when you carry $600,000 on a $1,000,000 building. Here is the math, and four ways to avoid it.
Leaving the cloud for a colo rack turns opex into capex — servers are 5-year MACRS property, but Section 179 or 100% bonus can expense them in year one.
Cull ewes held over 12 months qualify for Section 1231 gain on Form 4797 — not Schedule F — skipping self-employment tax.
More than 40% of your MACRS basis placed in service in Q4 forces the IRS mid-quarter convention on every asset — a 5-year purchase falls from 20% to 5%.
Wyoming exempts the first $75,000 of business personal property per county in 2026 — most small firms now owe zero, but you must still file by March 1.
Iowa State pegs 2026 combining near $49.88 per acre. Price custom farming from ownership cost per engine hour, and split IRS Schedule F from Schedule C.
Turo hosting is Schedule C self-employment income, not Schedule E rent — 15.3% SE tax, a gross 1099-K, and an IRS mileage rate that changed midyear 2026.
Purchased alpaca breeding stock depreciates over 5 years (Section 179 eligible); raised crias have zero basis. Grade fleece by micron and file on Schedule F.
ADU rental income goes on IRS Schedule E: split shared costs by square footage, depreciate the unit over 27.5 years, and plan for 25% recapture tax at sale.
Section 179 recapture applies when business use drops to 50% or less in any recovery-period year: the clawback is ordinary income on Form 4797, Part IV.
Business casualty and theft losses skip the $100 and 10%-of-AGI floors, but are capped at adjusted basis, not replacement cost. How to measure the loss, handle insurance timing, and use the Section 165(i) prior-year election.
