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SECTION 179 IS NOT CALCULATING INTO QUALIFIED BUSINESS INCOME FOR S CORPORATIONS?

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You are correct.  The belief is that the section 179 portion is calculated at the individual level.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15

You are correct.  The belief is that the section 179 portion is calculated at the individual level.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

0 Cheers