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A tax deduction can make a good business purchase more valuable. It does not turn a bad purchase into a good one. You’ve probably heard it: “Buy it before year-end. It’s a write-off.” That advice leaves out the most important part. You still have to spend the money. And depending on what you purchase, how you use it, and when you begin using it, the tax treatment may not be as simple as “I bought it, so I deduct it.” Before you make a year-end purchase for tax reasons, here’s
