abctax55
Level 15
03-05-2020
08:56 AM
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" I understand that you can't section 179 anything to create a loss. "
That is not correct. If there is other 'business' income on the return (including W-2 income) all of the §179 can be utilized. And if not, it can be carried forward to the next year, to offset farm (and S/E income).
You can select any amount for § 179, but for bonus you would have to use either 100%, or zero.
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