dkh
Level 15
06-08-2020
08:59 AM
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@ritastone001 wrote:Based on estimates, I don't believe he can 179 expense the equipment, it will take his farm into a loss. Since 179 can't be applied for this year can the Special Depreciation Allowance then be used
Is the land sale and Sched F the only income for this client? Sec179 can be allowed against W2 income. Yes SDA can be used if not electing Sec179.
