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Section 179 Deduction for Sole Prop LLC & W2 Earner
Hello -
Last year I converted my side photography business into a sole prop LLC while still continuing to work for my employer and receiving a W2. I purchased a truck for my business during the year (used for about 75% business) but did not generate any income. Can I proceed with the Section 179 deduction for the truck since I do have other "earned" income?
Thanks!
G
‎January 25, 2022
1:57 PM