bonus depreciation

“Yeah, we just purchased an exotic car for a significant amount of dollars, and we're writing the entire thing off year one.”

“The building itself deducts very slowly, and that's over 27 and a half years. The idea is that's how long it would take for the building to wear out. But the parts, appliances, and flooring normally on a five-year depreciation schedule, fencing and landscaping…”

“And in California, along with New York and New Jersey, they don't follow the federal rule, so that's a federal tax benefit only, which is significant, but you'll still have to pay state taxes in those particular states.”