[iduhkobe]

Hello, I am currently studying for REG by using another software (2016). From other people’s experiences, does the changes in numbers make a large impact on the test?

For example:

IRC Section 179 –

“Browne is allowed to expense up to $500,000 in 2016. Therefore, since Browne’s purchase cost $120,000, he can deduct the full $120,000. The maximum Section 179 expense deduction is $500,000 ($535,000 for enterprise zone property). This limit is reduced by the amount by which the cost of Section 179 property placed in service during the tax year exceeds the spending cap. The Section 179 spending cap was set at $2 million in 2015, and is indexed to inflation in $10,000 increments for future years. For 2016, the spending cap is $2,010,000.”

Thank you!

[iduhkobe]

P.S was bonus depreciation (I am not too familiar with the concept) something that I should be worried about? Is the exam currently expecting us to know this? The trump reform has a 100% bonus depreciation, is this a different figure for 2017 or was there one at all?

[alloverit]

If you've passed the other three it could work.

Otherwise, invest in an “access til you pass” software. CPA review materials are NOT where you want to try to save money.

REG changes the most (the recent wholesale changes to BEC notwithstanding) so I vote NO

Good luck

[Anonymous]

I would say 2016 is too outdated…

[sangtvo]

The Sec. 179 expense is still the same, a maximum of $500,000. For Rogers, the question tells you what the spending cap is, so it'll be the same for the test.

What software are you using? I am also using 2016 textbook but I have updates from Rogers.

When you are unsure, you can see if the numbers changed according to Rogers Updates.

[Anonymous]

Still proudly using 2013 Wiley books only (and 2012 for REG). I did have to update some tax stuff for REG.

[Author]

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