Sec. 179 -100 depreciation for the first year

[Gemator]

Can c corp and owners of c corp claim Section 179 of TCJA for 100 % depreciation?

[abctax55]

§ 179 & 100% bonus depreciation are separate 'choices'; each have various long-term ramifications. 

[IRonMaN]

I'm just a wee bit curious on how the C corp and the owners of the C corp are both going to claim it.  But it is Sunday and I don't do my best thinking until at least Thursday.

[abctax55]

I'm also a wee bit curious about the phrasing of "owners of the C corp" too....  it's not like income/expense/deductions flow thru to those "owners".

[Gemator]

Thanks for your reply.

Can the owner of c corp. take advantage of 100% bonus depreciation on qualified equipment used for business under Sec. 179 to lower his personal tax?

[IRonMaN]

No

[abctax55]

@Gemator 

You seem a bit unclear on how a C corp works.  NONE of the activity of a C-Corp impacts the shareholder.   Well, except for the W-2 issued and any dividends paid....