Buying and selling assets are usually a large part of the foundation of a business startup costs can add up quickly, so knowing what deductions are available is essential. Depreciation plays a vital role in this process.

At Risk Limitations prevent taxpayers from deducting more then their actual stake in the business. This usually means that for tax purpose, only money your personally liable for is considered "at risk" and therefore tax deductible.

Stock versus debt basis

How much can the taxpayer deduct?

Gross vs net profit

Qualified business income deduction

Qualified business income expectations and components.

The applicable convention determines the portion of the tax year for which depreciation is allowable during a year at the property is...

Depreciation convention, Classlife, useful life of an asset.

What is depreciation?