I love the way you explain. What happens for the personal property assets (1245) when we sell the property within 3years of purchase and we opted fot cost segregation study.
I haven't really covered disposition of business-use assets (except for real property), but in short any gain (or loss) on the sale of a business-use assets is the selling price minus the adjusted basis (which is the original cost of the asset minus any depreciation you took (or could have taken). Unless the asset increased in value since you purchased it, any gain would be reported as ordinary income and any loss could be used to offset other income. Look for a video on this subject soon!
I've already made videos on Special Depreciation ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ioYqZj6wIXs.html and the Section 179 Deduction. And a video on Vehicle Depreciation is currently in the scriptwriting phase.
