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Can I still take a depreciation expense for items placed in service during the previous years if client doesn't income ?

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TomTax51
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Client took the year off from his business but intends to be active in it in 2017.

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If he took a year off, so did his depreciation.

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All-Star

If he took a year off, so did his depreciation.

Wile E's Tax Prep, Emergency Brain Surgery, and Used Tire Shop - Nobody does it cheaper! Call 8675309 for an appointment today - or tomorrow, we aren't that busy.

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