@ypereira95 wrote:
There will be a loss the first year as its starting in December.
Per Section 179(b)(3), the cost of the asset will not qualify for Section 179 treatment if you have a loss.
The amount of the Section 179 deduction is limited to the aggregate amount of taxable income for the taxable year which is derived from the active conduct of any trade or business during the taxable year (note that this would include your W-2 income, if any).
