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Updated almost 5 years ago,
Grant Cardone: new stimulus bill allows 1 year CAPEX depreciation
As the tittle mentions, Grant Cardone stated today that the new:
1. Allows you to depreciate CAPEX done this year in one year on your tax return instead of the normal useful life+
2. Allows you to also amend prior tax returns to get this benefit.
I’ve looked at the CARES act and could not find this anywhere. Can anyone confirm or deny this?