Deductions & credits


@Carl wrote:

.....if your taxable business income before the SEC179/SDA is already zero, then taking the SEC179/SDA won't change your tax liability for the current tax year being filed. It just gets carried forward to the next year. 


An asset can be expensed after making a safe harbor deminimis election without regard to taxable income; it does not get carried forward to the next tax year.