Originally Posted by Clem
Originally Posted by brushwhacker


1. IRS tax code section 179 was changed in 2018. I think it allows any equipment you bought for business can all be claimed 100% for depreciation the first year u buy it instead spread our over years.

2. Almost everything they spend is deductible.

3. U can start a side hustle an claim loss for 3 years but 4th year have show a profit or the irs can consider it a hobby.

4. The thousands i pay in taxes help keep these deadbeats up.




1. This is how it was explained to me, too. Take it all now, or depreciate, but probably better to take it all now depending on the situation.

2. Yep

3. It's been like this for years. Either start turning a profit or they will view you as just having fun.

4. Always has, always will.





Depreciating it all in one year is referred to as a Section 179.

If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land. 2 Chronicles 7:14