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Section 179

Level 3

Section 179: I have Section 179 that exceeds 2018 profit of company. Can this be applied to my other entity which has profit? If so, how to enter it on ProSeries?  

thank you

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2 Replies 2
Level 11

Which entity bought, paid for, and owns the property?

** I'm still a champion... of the world! Even without The Lounge.
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Level 15

Please explain exactly what kind of entities your businesses are... SMLLC, Partnership, S-Corp, etc.  That info is needed to properly answer your question.

Former Chump..umm... AllStar.
"the game of life is hard to play"

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