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Old 11-15-2007, 01:30 PM   #15
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2007 25' International CCD
Sugar Grove , Ohio
Join Date: Sep 2007
Posts: 346
BE CAREFUL when you start taking a depreciation deduction on your taxes. If/when you sell your AS, if you took any depreciation, you MUST recover that deduction (add it back onto your selling price which means you will pay taxes on it at that time). You have to decide if you want to pay the taxes now or later -when they might be higher or lower BUT Uncle Sam, through the Internal Revenue Service doesn't loose many battles to those of us that think we've found a way around the tax code. Just be careful!! Now, they might change the tax code, again, before you sell but I'd be very careful of some of these things.
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