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    Does section 179 deduction reduce Section 199A income?

    kathleenharri
    Level 1
     
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    itonewbie
    Level 15

    Yes, to the extent it is attributable to the qualified trade or business.

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    Still an AllStar

    View solution in original post

    7 Comments 7
    itonewbie
    Level 15

    Yes, to the extent it is attributable to the qualified trade or business.

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    Still an AllStar
    itonewbie
    Level 15
    Why a no vote?  Perhaps you care to elaborate?
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    Still an AllStar
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    Camp1040
    Level 11
    Either it was a mistake, or it's called "kill the messenger".
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    TAXOH
    Level 11
    So they don't like the correct answer so they say it's not helpful.   
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    garman22
    Level 13
    Level 13
    hahaha!! I thought your answer was straight and to the point. Maybe they want you to prepare the return for them?
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    itonewbie
    Level 15
    May be I didn't read their minds properly. Perhaps they have a different question about whether the program does this automatically. Who knows. :weary::weary:
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    Still an AllStar
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    dbfailey
    Level 1

    Does Section 199A income affect section 179 deduction causing an error message on form 4562 part 1 line 12?

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