Using ATM’s to create income AND offset your tax liability
The Infinite Wealth Podcast
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Taking a Deduction for 104
David MacIntosh: I'm still at, Ryan, you check for 104 and then taking a deduction for 104. That is, that's pretty cool, super cool. Is that because that 104 is allocated to the purchase of the machines? He says it's because you're investing in new equipment but getting 100% bonus depreciation against new equipment. Macintosh: Okay. Now I would assume that this is considered a passive loss. So in order to deduct that, we're going to have those limits, those passive loss limits. Yeah.
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