The Soapbox

Shenhoo

Joined: 01/04/2001 Posts: 35221
Likes: 51389


I skimmed an article on this. I think there had been a limit on how much


depreciation expenses that lead to losses could be netted against other income. $500,000 if I recall.

They removed that ceiling for 3 years.

I could have some of this wrong. I'm pretty sure my rental depreciation won't be affected.

(In response to this post by WahooMatt05)

Posted: 03/26/2020 at 4:32PM



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Current Thread:
 
  
House Republicans trying to delay stimulus now -- Quaker 03/26/2020 4:05PM
  No, and I don't watch Fox -- rdm 03/26/2020 5:57PM
  ðŸ¤” ** -- hooshouse 03/26/2020 5:24PM
  Again, I haven't & don't watch Fox news -- rdm 03/26/2020 6:04PM
  Things that make you go, hmmm..... ** -- CyberHoo78 03/26/2020 5:35PM
  (Link) -- hooshouse 03/26/2020 5:16PM
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  Hopefully they can fix this. -- WahooMatt05 03/26/2020 4:25PM
  Lol ** -- wahoo138 03/26/2020 4:54PM
  AOC was toying with the same idea yesterday. ** -- SixerHoo 03/26/2020 4:22PM

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