Xenia, population 24,164, is a city in Greene County and is the county seat. It is considered part of the Dayton Metropolitan Statistical Area. Founded in 1803, the name Xenia comes from the Greek word for “hospitality.” In 1974, Xenia suffered an F-5, the highest on the Fujita tornado scale. Almost half of the city was destroyed with 34 people losing their lives. Xenia is the home of seven elementary schools (Arrowood, Cox, McKinley, Shawnee, Simon Kenton, Spring Hill, and Tecumseh), two middle schools (Central and Warner), Xenia High School, and three private schools (Xenia Christian, St. Brigid, and Xenia Nazarene Christian). Local attractions include W.G.C. Golf Course, Shawnee Park, Xenia Area Community Theater, and the Spring Valley Wildlife Area. Local businesses include Greene County Insurance LLC, Jackson Hewitt Tax Service, and McDonald's. Notable past and present residents of Xenia include former Speaker of the U.S. House of Representatives Joseph Warren Keifer, NFL players Trent Cole and Roland James, actor Charles Grapewin, Congressman John Little, former Indianapolis mayor Thomas Taggart, and MMA fighter Matt Brown.
-- Latest Update 2010/08/03 by lpelham
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I have a piece of equipment that I forgot to add as depreciable property for 2009 taxes (it was purchased in 2009) and technically I didn't use it until this year. Is it possible to put it on 2010 tax ...
Yes. The basis would be the lesser of the item's fair market value or it's adjusted basis at the time you started using it for business. (For example if the equipment was $2000 when you bought it, but 6 months later is was only worth $1500, you'd use $1500.) What you won't be able to do is take a Section 179 election-where you write of the whole amount of what was purchased. That would have to have been claimed in the year the item was purchased.
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