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.

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