Skip to main content
January 24, 2025
Question

I purchased an asset for $25,000 and want to deduct the full value under Section 179. Why is the deduction only $18,000?

  • January 24, 2025
  • 1 reply
  • 0 views
My understanding is that I can deduct the full value.

    1 reply

    AmyC
    Employee
    January 24, 2025

    There are limitations, business income, filing status, and business % use are the first to spring to mind. See About Publication 946, How To Depreciate Property. Sec 179 begins on page 17.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"