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[ARCHIVED THREAD] - Section 179

Posted: 12/10/2016 7:43:46 PM EDT

Anyone familiar with this portion of the tax code? Have a couple of questions pertaining to it and my research didn't clear up the questions I had.

Posted: 12/10/2016 8:23:10 PM EDT

[#1]

The 2017 Honda Pilot doesn't qualify

Posted: 12/10/2016 8:53:24 PM EDT

[#2]

Prius?

Lol

Posted: 12/11/2016 8:41:10 PM EDT

[#3]

What would you like to know?

Posted: 12/12/2016 12:59:14 PM EDT

[#4]

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Quoted:
What would you like to know?

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This, you need to be more specific.

Posted: 12/14/2016 5:37:22 AM EDT

[#5]

It comes after Section 178 and before Section 180.

Posted: 12/16/2016 12:06:22 AM EDT

[#6]

I play section 179 roulette every year. Ask away.

Posted: 12/16/2016 12:49:57 PM EDT

[#7]

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Quoted:
I play section 179 roulette every year. Ask away.

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As do I.
I normally make one major business purchase each year and use the 179 deduction to make my tax liability as low a possible.
It's a pretty straight forward deduction as long a you read the guidelines.

Posted: 12/16/2016 1:41:40 PM EDT

[#8]

How many of you actually keep a log of your business bs personal use?

Posted: 12/16/2016 2:10:14 PM EDT

[#9]

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Quoted:
How many of you actually keep a log of your business bs personal use?

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Most of my purchases there is not a need to. The only split use thing I have is my pickup everything else is 100% business related.

Posted: 12/17/2016 12:44:54 AM EDT

[#10]

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Quoted:
How many of you actually keep a log of your business bs personal use?

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I just use the same cc for all business stuff. Use business gas card for cars.

[ARCHIVED THREAD] - Section 179

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[ARCHIVED THREAD] - Section 179

[ARCHIVED THREAD] - Section 179