Professor, excellent explanation as always. Just few notes that I hope you see for planning for your future videos. Since they moved this content to the TCP exam, they threw in a few complications - mostly, the question will show two depreciations - book and tax. Also, they will merge together sales prices for 1250 assets for land and buildings.
Hi Professor, is it fair to say that there is no appreciation recapture for car depreciation? Also, there is a limit rule for the car depreciation, how do I also compare the best depreciation method with standard mileage expenses? Thanks!
Hello, professor. I love your videos. I do have a question regarding this though. What if I am transferring a property that is on mortgage to an LLC, will this trigger the depreciation recapture or not really since I am just transferring the property and will not gain ang profit from it since I am not selling? Your enlightenment on this is greatly appreciated.
what happens when a business vehicle that you own is now used as a personal vehicle? you didn't sell the vehicle but simply don't use it for business now?
Professor, excellent explanation as always. Just few notes that I hope you see for planning for your future videos. Since they moved this content to the TCP exam, they threw in a few complications - mostly, the question will show two depreciations - book and tax. Also, they will merge together sales prices for 1250 assets for land and buildings.
A very confusing concept. You explained it so well! Very understandable. Thank you
Thank You. For more, visit my website at: www.farhatlectures.com
great video as always.
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Iss there anywhere I can find these notes ?
Thanks a lot professor Farhat
You are welcome. Thank You. For more, visit my website at: www.farhatlectures.com
Hi Professor, is it fair to say that there is no appreciation recapture for car depreciation? Also, there is a limit rule for the car depreciation, how do I also compare the best depreciation method with standard mileage expenses? Thanks!
Is the accumulated depreciation tax depreciation or book ?
Hello, professor. I love your videos. I do have a question regarding this though. What if I am transferring a property that is on mortgage to an LLC, will this trigger the depreciation recapture or not really since I am just transferring the property and will not gain ang profit from it since I am not selling? Your enlightenment on this is greatly appreciated.
what happens when a business vehicle that you own
is now used as a personal vehicle?
you didn't sell the vehicle
but simply don't use it for business now?