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Old 04-03-2019, 12:35 PM
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vlouie574 vlouie574 is offline
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Join Date: Apr 2019
Location: Long Island, New York
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Originally Posted by TomCopeland View Post
However, since you use it more than 50% for your business, you can apply the Section 179 rule and deduct 100% of the cost in one year, no depreciation. The downside to using Section 179 is that if you go out of business before the end of 39 years you will have to repay some of this deduction. If you are planning to be in business for at least 5 years or so, this is still a good deal to use this rule.
That's great to hear! So would that be line 14 on the Form 4562?
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