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Tax Year Prior to 2020: Do I report section 179 expense recapture if i have $0 income?
I have a personal photography business for which I've taken section 179 expense in prior years for camera & computer equipment, but my business is temporarily on hold as I don't have time to run it right now. Do I just report 0 income and 0 expense for this business or do i need to do a section 179 expense recapture? I haven't sold any of the assets. They just aren't being used at all.
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May 31, 2019
5:32 PM