Asset Basis – McGuire Law Firm https://jmtaxlaw.com Denver Business Attorney Wed, 06 Apr 2016 00:47:39 +0000 en hourly 1 https://wordpress.org/?v=6.9.4 https://jmtaxlaw.com/wp-content/uploads/2020/09/cropped-favicon-01-32x32.png Asset Basis – McGuire Law Firm https://jmtaxlaw.com 32 32 Depreciation and Impact on Basis https://jmtaxlaw.com/depreciation-and-impact-on-basis/ Wed, 06 Apr 2016 00:47:39 +0000 https://jmtaxlaw.com/?p=2307 When an asset is placed into service and depreciation is taken as a deduction, the adjusted basis of the asset will be impacted.  The video below has been prepared by a tax attorney at The McGuire Law Firm to discuss this issue.  Please remember to always consult your tax attorney, business attorney, CPA and/or other advisers regarding your specific facts and circumstances.

John McGuire is a tax attorney and business attorney at The McGuire Law Firm.  You can contact John at 720-833-7705 or via the website at: https://jmtaxlaw.com/contact-us/

 

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