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Deductions & credits
Do I have to have a registred business to be allowed the 179 deduciton?
Having a "registered" business and the SEC179 deduction are two unrelated things.
If you are self-employed and report business income/expenses on SCH C, (registered or not) and your business has assets that qualify for a SEC179 deduction, then such deduction is allowed.
‎June 2, 2022
6:34 PM