Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

You would also then have a $1500 asset that you could sell at a later date. When you're an employee you don't have that option.

If you aren't able to max out your retirement account it means your QBI deduction is larger.

As with most things business/tax related, there's a lot of grey area and nuance here.



> You would also then have a $1500 asset that you could sell at a later date. When you're an employee you don't have that option.

Maybe if you turned around and resold the system immediately. But I'm not gonna pay 1500 bucks for your 4 year old 133t machine that you spilled coffee and sneezed on.


Of course. That’s why depreciation and MACRS exists. The point is it’s not a $1500 sunk cost. You get a multi year deduction and an asset in return. How you handle that asset is up to you.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: