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Can the immediate write-offs be taken in more than one year?

April 26, 2017immediate write-offs year

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Can the immediate write-offs be taken in more than one year?

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Yes, if an election is made to use the incentive, the immediate deduction takes place in the year the expenditure is incurred. Therefore, if production expenditures are incurred in more than one year, the immediate tax deduction will be taken in more than one year.