Answered: Re: 100% DEPRECIATION DEDUCTION UNDER 179 SEC.

ramraor · ‎03-30-2022

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 · ‎03-30-2022

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.

The more I know, the more I don't know.

View solution in original post

sjrcpa · ‎03-30-2022

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.

The more I know, the more I don't know.

ramraor · ‎04-01-2022

THANKS FOR RESPONSE - WILL FOLLOW

sjrcpa · ‎04-01-2022

You're welcome

The more I know, the more I don't know.

100% DEPRECIATION DEDUCTION UNDER 179 SEC.

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