Hi. I’m having an issue between capital expenses and same year deductible expenses using 179. How are others handling this? My Stessa account is not accurately reflecting my basis per my tax records given many of the items that are classified as capital expenses I am able to take as same year deductions.
Related topics
Topic | Replies | Views | Activity | |
---|---|---|---|---|
New Category for capital expenses under the $2.5K deductible limit | 5 | 691 | June 1, 2024 | |
Track useful life & service date for capital expenses | 0 | 840 | September 17, 2019 | |
Manual property tax payments, monthly or annual accounting? | 1 | 599 | December 14, 2021 | |
How to record earnest money? | 3 | 1928 | August 17, 2023 | |
Repairs and maintenance (R&M) or capital expenses | 3 | 758 | May 14, 2021 |