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Question

Section 179 & 6000LBS SUV

Forum|Forum|11 months ago
April 25, 2025
1 reply
0 views

My wife is a real estate agent and will be using the vehicle for more than 50% of the time. Let's say she does not gross more than the deduction, will it offset the W2 income i have ?

Not A Product Question

Employee

Your Section 179 deduction cannot exceed your net business income. When you have more Section 179 than income, the disallowed deduction is carried over to the next year. Only a business loss created by business expenses other than depreciation may offset W-2 income.

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