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To: LogicDesigner

What an idiotic spin on Section 179.


2 posted on 12/30/2014 4:20:06 AM PST by 9YearLurker
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To: 9YearLurker

It sure is.


3 posted on 12/30/2014 4:40:35 AM PST by Madame Dufarge
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To: 9YearLurker
Right. Section 179 applies to all kinds of business expenses. The only "gas guzzler" aspect of it is that business vehicles don't qualify for a Section 179 deduction unless they weigh more than 6,000 lb. (gross vehicle weight).

This provision was originally intended to limit deductions to work trucks, but it has spawned a whole generation of self-employed professionals (lawyers, accountants, real estate agents, etc.) who buy large SUVs that have no real connection to the work they do.

4 posted on 12/30/2014 4:54:28 AM PST by Alberta's Child ("The ship be sinking.")
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