- Royal Knowledge
- Tax
- Bonus Depreciation
-
General
-
Personas
-
Subscription
-
Tax
-
Investing
-
Legal
-
Products
- General Questions
- Insurance
- Life Insurance
- Umbrella Insurance
- LLC
- Series LLC
- DST
- Equity Stripping
- Estate Planning
- Land Trust
- IRA
- Self-Directed IRA
- Funding My IRA
- Managing My IRA
- Solo 401K
- C-Corp
- Banking
- Creating and Maintaining your Asset Holding Company
- Operating the Business Entity Outside of Texas
- Purchasing New Property
- Property Transfer
Can bonus depreciation be utilized as a deduction in all states, or only certain states?
- You can use it to offset Federal taxes
- You can use it in some states, but not all. Many of the liberal states (ex: New York, California) do not allow you to offset state taxes with bonus depreciation.