Here's my scenario regarding Section 179:
- I established a sole proprietorship this year (a product design company)
- I have a full time job and have used some of the income from this job to buy hardware and software for my business
- At this moment, I have not yet established any customers nor have I received any income/revenue from my business
Based on the scenario above, can I deduct Section 179 expenses when I file my taxes for 2019? Is there anything I should look out for (any notes of caution)?
