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C
chrisaparrott
April 15, 2025
Question

Where do I enter section 179 info?

  • April 15, 2025
  • 1 reply
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    1 reply

    J
    JamesG1
    April 15, 2025

    Section 179 allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year.

     

    In IRS Schedule C Profit or Loss From Business or IRS Schedule E Supplemental Income and Loss, section 179 information is reported within the Business Asset Summary for each asset that qualifies for the benefit.

     

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