When it comes to claiming tax deductions, your personal assets aren’t of much use.
That’s why savvy taxpayers convert those personal assets to business use and in that way, slash their tax bills.
Want to learn how you can make the conversion too… and benefit big time?
It’s easier than you think as you’ll learn when you read my new article titled Tax Tips: Unlock the Deductions Trapped in Your Personal Assets When You Convert Them to Business Use.
Three ways our fact-filled article can help you:
- You’ll learn how to depreciate a formerly personal asset. If you use the right strategy, you can convince the IRS to overlook your assets’ previous personal lives and see them as primarily business assets. You’ll unlock possibly thousands of dollars of tax benefits when you learn the techniques I’ll explain. Don’t miss this chance to read the full article.
- We’ll explain bonus depreciation and Section 179 expensing. This subject’s a bit complicated so here’s the punch line: There’s good news and bad (but not really that bad) news. We’ll explain this subject in easy-to-understand language when you read the full article.
- We’ll show you how to determine the “basis” of converted property you sell. There’s a great trick you can use to save a lot of money and we’re happy to share it. It involves using a different rule for calculating losses than you use for calculating gains. All will be explained when you read the full article.