3 ms·
> Possibly even writing off 1 million as they just buy 500k worth of computers write off the purchase then donate the computers to a local school and write off
by evanpw 11y ago
> Possibly even writing off 1 million as they just buy 500k worth of computers write off the purchase then donate the computers to a local school and write off another 500k.
You can't deduct anything for donations of fully depreciated property, so this trick wouldn't be legal.
And buying equipment that you have no use for just to avoid taxes wouldn't make any sense, since you're spending $X to save 0.35 * $X in taxes.