Very helpful David. Thank you very much for the response. My situation is exampled as follows.
Partnership with 50/25/25 split. I am 50% member. Ordinary income total of 100, so my ordinary K1 income is 50 (box 1). Section 179 total (of which is 100% special allocated to me) is 60 so box 12 on K1 shows -10. Two additional questions-
A. We expect income in 2020 (as we had in 2019) and the 179 asset is most likely not going to meet the 50% business use mark in 2020 so there will be recapture. Does this factor swing whether I should use 179 vs. special 100% depreciation. Asset is a 6,000#+ truck.
B. On my 2019 1040, K1 box 1 will will be imported as well as K1 box 12 (limited to box 1) correct?
Much appreciated.
