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Section 179 Deduction

Discussion in 'Business Fundamentals' started by Willybak, Oct 28, 2012.

  1. Willybak

    Willybak Junior Member
    Messages: 28

    Hello...
    I am interested in getting information about this.
    Has anyone used this or know something about it?
    Details:
    I recently purchased a truck and plow in anticipation of starting my plowing business.
    I am preparing to get my business license and insurance.
    My primary interest is in knowing if I qualify to use the 179 Deduction since I made the purchase under my name and not under a business name.

    Thanks for your advice and input.

    Willy
     
  2. Herm Witte

    Herm Witte Senior Member
    Messages: 553

    Check with your accountant.
     
  3. grandview

    grandview PlowSite Fanatic
    Messages: 14,609

    Agreed. I think that one is for full one time depreciation .If your just starting out you maybe better taking it over 5 to 7 years.
     
  4. TCLA

    TCLA 2000 Club Member
    Messages: 2,699

    You must have received the e-mail from JDL...




    X's 2.
     
  5. Willybak

    Willybak Junior Member
    Messages: 28

    Thanks for the feedback guys... appreciated.