When I deduct what I’ve paid for a piece of equipment does “full cost” include all federal, state and local taxes I paid as well? I’m looking at starting a new business in 2025 and am learning this all on my own. Any help would be appreciated. Thanks all.
Thanks for your response! Although it leads me down more rabbit holes and makes me think that the financials are probably out of my grasp, for now at least. There should be more accounting classes for nurses. Ha!