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Why is Sec 179 allowed with no business income?

paul4
Level 1
 
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IRonMaN
Level 15

W-2 income?


Slava Ukraini!

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8 Comments 8
IRonMaN
Level 15

W-2 income?


Slava Ukraini!
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abctax55
Level 15
Paul, if you have more info (like there ISN'T any W-2 income) keep it in this thread instead of starting a new one.
And if you gave Jeff the NO vote for just asking, that really isn't fair now is it ?

Your other thread:
https://accountants-community.intuit.com/questions/1835520-sec-179-deduction-is-allowed-with-no-busi...
"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15
There is a week before the madness ends, patience is running short, so can I just say that some people here are starting to piss me off?  I won't say it if I'm not allowed :open_mouth::open_mouth:

Slava Ukraini!
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abctax55
Level 15
I'm not allowed to say it...or I would have.  I tried to *imply* it tho, did it work ?
"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15
Kinda.

Slava Ukraini!
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abctax55
Level 15
I'll try to do better at expressing myself better going forward /S
"*******Tax software is no substitute for a professional tax preparer*******
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IRonMaN
Level 15
I'm showing extreme restraint this year.  I haven't called anybody stupid yet.  The temptation has been there a few times ------------- actually quite a few times, but I behaved myself.  Is Intuit giving out gold stars for good behavior again this year?

Slava Ukraini!
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abctax55
Level 15

§ 179 CAN be used against W-2 income....so why/who thought giving Jeff a "no" vote was appropriate ?????

"*******Tax software is no substitute for a professional tax preparer*******
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