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Does section 179 deduction reduce Section 199A income?

kathleenharri
Level 1
 
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Accepted Solutions
itonewbie
Level 15

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

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Still an AllStar

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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 10
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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