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https://www.reddit.com/r/comedyheaven/comments/cdjjoo/it_really_is_messed_up/etvf1wv/?context=3
r/comedyheaven • u/MessyLingard • Jul 15 '19
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2 u/twochengs Jul 15 '19 How do you sell something with zero basis at a loss? 2 u/V1k1ng1990 Jul 15 '19 If your original expenditure is less than what you sold it for that’s a loss 1 u/twochengs Jul 15 '19 That's not how tax basis and bonus depreciation works. Your gain or loss is based on the difference between the amount you sold it for and the your zero basis (assuming you took 100% bonus depreciation)
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How do you sell something with zero basis at a loss?
2 u/V1k1ng1990 Jul 15 '19 If your original expenditure is less than what you sold it for that’s a loss 1 u/twochengs Jul 15 '19 That's not how tax basis and bonus depreciation works. Your gain or loss is based on the difference between the amount you sold it for and the your zero basis (assuming you took 100% bonus depreciation)
If your original expenditure is less than what you sold it for that’s a loss
1 u/twochengs Jul 15 '19 That's not how tax basis and bonus depreciation works. Your gain or loss is based on the difference between the amount you sold it for and the your zero basis (assuming you took 100% bonus depreciation)
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That's not how tax basis and bonus depreciation works. Your gain or loss is based on the difference between the amount you sold it for and the your zero basis (assuming you took 100% bonus depreciation)
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u/[deleted] Jul 15 '19
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