Question
Why are related-party losses disallowed?
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Answer
To prevent artificial loss recognition within controlled relationships.
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Question
Why can $179 be more attractive than regular MACRS?
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Answer
It allows immediate expensing of qualifying property, subject to income limits.
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Question
Why does bonus depreciation matter after $179?
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Answer
It can create or increase a loss because it is not income-limited.
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Question
What basis rule applies when you buy business property?
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Answer
Cost plus acquisition costs, plus improvements, minus accumulated depreciation.
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