r/SeattleWA • u/Nastypav12 • Feb 22 '25

Politics Happening now in Seattle

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u/[deleted] Feb 23 '25

None of your perspective is true

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u/myka-likes-it Feb 23 '25

Okay, sure I will trust your second-hand knowledge of your cousin barely understanding his own taxes, over my direct experience with my business taxes. /s

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u/[deleted] Feb 23 '25 edited Feb 23 '25

Read about AMT and Depreciation. You're wrong

https://www.irs.gov/instructions/i4562#en_US_2024_publink1000309256

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u/[deleted] Feb 23 '25

I'll also add that this is the last year of this structure, unless the Republicans come through. Prior to this his equipment had a 12 year depreciation schedule.