Comment Comment by zacharycohn Just to drive the point home very explicitly:That means, in the given example above, you are able to deduct $180k that first year instead of $900k.That gives you a profit, from a tax perspective, of $820k.But you only have $100k of actual dollars.Good luck paying your taxes! parent zacharycohn 1 year ago
That means, in the given example above, you are able to deduct $180k that first year instead of $900k.
That gives you a profit, from a tax perspective, of $820k.
But you only have $100k of actual dollars.
Good luck paying your taxes!