Originally Posted by DanaT
One thing that I have done, is that although I work for foreign company I also partly (more than 50%) own a small medical company. My portion was financing it and developing the technology. I was able to take some very nice write-offs for capital depreciation on equipment. The pass-through loss was very high due to capital expenditures.
This is not a short term strategy to make money, but it does help with taxes.
Certainly, and I am all in favor of using all the deductions available. But the writeoffs just make the equipment cheaper overall, you rarely come out ahead by buying items that you don't need just for the deduction. In the business context it would imply that laws changed after the purchase such that you were able to sell a normally depreciating item for a much higher than expected value.