I want to claim a Federal Section 179 deduction for some assets. Write off the entire amount in the year I bought it. However, with Pennsylvania State Tax Laws, it makes more sense to spread the cost of those assets over 5 years.
So federal would see the assets depreciated immediately. State would see it depreciated over 5 years. Same thing with local. Is it legal to do this?
The reason why I want to do this is because I will get a larger tax return from doing this.