Posted by Goose on November 19, 2020 at 18:43:13 from (166.181.85.8):
In Reply to: Re: IRS posted by ADB-IA on November 19, 2020 at 17:20:37:
I got nailed on that once.
In the mid '80s, when a lot of farmers were going under, I bought an 856 Farmall very reasonable. I put it on a 10 year depreciation schedule on my income taxes. I used it 9 years and sold it for what I'd paid for it. Guess what? The IRS wanted all of that depreciation back. It's called "recapture". I owed in recapture what I'd sold the tractor for.
The bottom line was, I'd have had a free tractor if I'd simply kept it.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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