yeknod
Level 3
12-07-2022
07:49 PM
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I have a client that is being told by another CPA they can purchase (in December) a 6,000 lb. vehicle, write it off with bonus depreciation in 2022. Then, sell if in January 2023 without recapturing any depreciation as long as they purchase another more expensive that the previous vehicle in December of the following year (2023).
Is this something that can be done, and I don't know about it?
Thanks