What is bonus depreciation, and how does it offset passive income? Bonus Depreciation is a tax incentive put into place by Congress to speed up the depreciation of a property allowing taxpayers to immediately reduce their short-term taxable income by the cost of depreciable assets. Bonus depreciation is also referred to as accelerated depreciation or…
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Stay connected with Viking Capital for exclusive market insights, expert guidance, and behind-the-scenes access to our latest investment projects. Join a community of forward-thinking investors and discover strategies to elevate your wealth and achieve lasting financial growth.
Follow us on social media—your journey to smarter investing starts here
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