ColeenD3
Expert Alumni

Business & farm

Where are you looking to see the $0 exactly? Is it a new asset? 

 

What Property Qualifies?

To qualify for the section 179 deduction, your property must meet all the following requirements.

  • It must be eligible property.

  • It must be acquired for business use.

  • It must have been acquired by purchase.

  • It must not be property described later under What Property Does Not Qualify .

For more information, please see Section 179