I’m the sole shareholder of a corporation which operates a travel agency for business travelers. I want to donate computer equipment to a qualified charitable organization. I bought the equipment 2 years ago for ,000 and expensed the entire amount under section 179. The market value of the computers is ,000. If my corporation’s taxable income is sufficient for it to deduct up to ,000 in charitable corporations, how much tax deduction would I received for this donation? I know that IRS publication 544 gives the method for depreciation recapture for section 1245 assets, but the wording is kind of confusing. Can anyone help??? Thanks!!

We own a house right now that we’re going to do a short sale with.. it’s worth way less than what we owe, but we have to sell it anyway.. Anywho, a friend of mine has already done a short sale recently (I mean purchased a house through a short sale) nearby. She also owns another home in another city. Now she’s thinking of buying our house, and renting it out to us. What are the implications of purchasing another home (would be her 3rd.. she’s not an investor or anything, or a flipper.. but bought them when they were really good prices). Anywho, she owns her own business, with a partner.. a travel agency. Apparently when she bought the 2nd house, that helped her out with tax deductions and such. But what about the 3rd house? I hope my question makes at least a bit of sense.. I’m asking this question for her, and I don’t completely know about this stuff.. hopefully you can kind of see where I’m going with it. ) Thanks in advance.