ljwalters Posted April 12, 2012 Report Posted April 12, 2012 Client is triathlon trainer and purchased used bike to use in business. How do I code this? Quote
michaelmars Posted April 13, 2012 Report Posted April 13, 2012 exp it, or machinery and equip with 100 bonus depr Quote
jainen Posted April 15, 2012 Report Posted April 15, 2012 >>equip with 100 bonus depr<< A "used bike" is not qualified property for bonus depreciation. According to the Instructions to Form 4562, "The original use of the qualified property must begin with you." Quote
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