Leasing, Conditional Sales Agreements, and the Future of Section 179

Author: Larry R. Gearhardt, OSU Extension Field Specialist in Taxation

Generally, a taxpayer that buys business or income-producing property (not held for sale) with a useful life of more than one year cannot deduct its full cost as an expense for that year. To read this post, go to our new blog website, http://aglaw.osu.edu/blog.


Leave a comment

Filed under Tax

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s