Just FYI - but here's how I deal with it in my single member LLC business.
- If the business does not have the "Taxable" income from which to take the SEC179 deduction against in the tax year I take it, and;
- If the remaining depreciation after the SEC179 deduction will not be at least $500 for each year, then;
I don't take the SEC179 deduction. Over the long run, (actually, "short" run since most assets that qualify for the SEC179 deduction have a MACRS depreciation schedule of less than 10 years) the SEC179 deduction commonly results in me paying more taxes over the period of depreciation.
