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Level 5
May 1, 2019

Section 179

  • May 1, 2019
  • 2 replies
  • 6 views

Section 179: I have Section 179 that exceeds 2018 profit of company. Can this be applied to my other entity which has profit? If so, how to enter it on ProSeries?  

thank you

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2 replies

Accountant-Man
Level 13
May 2, 2019

Which entity bought, paid for, and owns the property?

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abctax55
Level 15
May 2, 2019

Please explain exactly what kind of entities your businesses are... SMLLC, Partnership, S-Corp, etc.  That info is needed to properly answer your question.

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