Section 179 Expense Deduction for Salaried Income with my job and a LLC

[vmathurin92]

I work a salary job for a company, but I also have an LLC. My LLC only provides consultation services where I travel by car a lot. I wanted to know if there's any way I can use my salaried income towards my LLC.  I want to take advantage of the business Section 179 100% deductible, but from what I understand, Section 179 deduction cannot exceed your annual net taxable income. So I'm hoping there's a way to  use my salary income towards my business income. Any insight is appreciated! 

[Anonymous_ · Accepted solution]

Taxable income would include your W-2 salary.

[ee-ea]

Are you a statutory employee?

https://www.irs.gov/businesses/small-businesses-self-employed/statutory-employees