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March 26, 2025
Question

personal LLC 179 deduction question

  • March 26, 2025
  • 1 reply
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Can I sell or transfer equipment I currently own to a new LLC I will own and deduct it this year through the 179 exemption?

    1 reply

    March 26, 2025

    No, the section 179 deduction is not allowed for such a related party transaction.

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