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Depreciation one year then sect 179 the following?

1stoptaxservice
Level 3

A inquiring client asked if he can deduct the balance due on an item he started depreciation, he wants to take the full balance (sect 179) this year. Is that allowed?

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IRonMaN
Level 15

Nope.


Slava Ukraini!

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4 Comments 4
IRonMaN
Level 15

Nope.


Slava Ukraini!
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dd4vols
Level 10
Level 10
oh those 'inquiring clients'...…..
If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
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IRonMaN
Level 15
It's the trips to the barber shop that cause all of the problems.

Slava Ukraini!
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1stoptaxservice
Level 3
That is so true, thanks
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