Deductions & credits


@PR2025 wrote:

 

However, I have other personal income. Legally, I am allowed to write off business losses against my personal income.


 

What kind of income is your "other personal income"?

 

Section 179 is only allowed to the extent of your 'business' income, which includes self-employment income and any W-2 income.  If you have other income other than 'business' income (including self-employment and W-2 income), Section 179 is NOT allowed to be used against that income.