I am also starting a business at the end of this year and plan to buy the equipment (computers) in the coming days. I have W-2 income for the year and my wife has W-2 income for the year. We file jointly and I plan to create a sole member LLC for this new business (in Indiana). I need to get my 2021 AGI reduced as well to qualify for a state education voucher for my children for private school in 2022. Our AGI is estimated to be around $164k, but I need it down to about $147k to qualify. The equipment I am buying for my business will be about $30k. Assuming I follow the rules, etc...The 179 deduction will reduce the AGI on our Joint Return to $134k, correct?
If so, can I expense $20k this year (Reduce to$144k AGI) and take the remaining $10k for 179 in 2022?
Thanks for your help!
Brad
