Deductions & credits

Sorry, forgot to mention that I'm a sole proprietor with an EIN (or TIN) number and use Schedule C.    I don't use a W-2.   

 

Okay, so it sounds like I can use the Section 179 for this year's software purchase.    That is what I'd like to do - in fact, I'd like to depreciate the software in one year (is that the special depreciation of Sec. 179?).  

 

When you say, "if it qualifies (based on the cost) you can take the SEC179 deduction or special depreciation allowance" - does that mean part of the determination is price?   

 

Anyway, many thanks for your response - it helps. 

 

David