06-22-2012, 02:58 PM
Rick,
What you should look at leasing/renting the equipment back to the business. You can then right that cost off as an operating expense. You'd still have to pay income tax on it but I would think you could come out way ahead that way.
-Ron
What you should look at leasing/renting the equipment back to the business. You can then right that cost off as an operating expense. You'd still have to pay income tax on it but I would think you could come out way ahead that way.
-Ron
11" South Bend lathe - Wells-Index 860C mill - 16" Queen City Shaper