For a cash taxpayer, charging to a credit card is considered paid. What happens to a computer purchase charged to a credit card when shipped on 12/21/2005 but is not delivered until Jan, 2006?
I think Sec 179 deduction requires the computer to be in service by
12/31. That mean purchase in one year and deduct Sec 179 the next year. Will TurboTax Business handle this properly? IIf TurboTax Business can't handle this complication, is there a work around?
TIA