100% DEPRECIATION DEDUCTION UNDER 179 SEC.

[ramraor]

FIRST YEAR START UP COMPANY WITH ZERO INCOME IN THE FIRST YEAR - CAN HE TAKE 100% DEPRECIATION DEDUCTION UNDER 179 .... ON A MACHINARY BEING USED COST $ 500,000/-

[sjrcpa · Accepted solution]

Assuming they have actually started business, if they take Section 179 it will be carried over to next year since there is no income.

They could take 100% bonus depreciation and create a loss.

[ramraor]

THANKS FOR RESPONSE - WILL FOLLOW

[sjrcpa]

You're welcome