Understand the Tax Implications Before You Buy or Sell

by Garry Bartecki
Created: March 12, 2012

It’s important to determine how buying and selling equipment may affect your tax position.

With the 100% bonus no longer available, the gain from selling off equipment can generate an unexpected tax gain and resulting tax payment even if your books reflect a break-even or loss.
With the 100% bonus no longer available, the gain from selling off equipment can generate an unexpected tax gain and resulting tax payment even if your books reflect a break-even or loss.

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•check on your tax status for 2012, especially if you are selling off used units,

•bargain hard on new purchases

•and make decisions on what is going to be cheaper to rent, keeping in mind that rentals should increase about 10% from last year.

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