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by cdjk 1611 days ago
Why? This is a serious question. Seven years is the correct time period for musical instrument depreciation. And if I recall, any property than can be depreciated must be, and if not will be treated as if it had on sale.

Besides, if it’s ever sold there is recaptured depreciation which counts as income.

1 comments

That's a perfectly fair point, and the answer is, I don't know. It's quite possible that I misunderstood the report.