- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Agree. I have a similar situation. I have a single member LLC that will file schedule C. I plan to purchase a business through an asset sale, write-off almost all of the purchase price for the assets through section 179 and use this loss to offset a huge chunk of my W2 income elsewhere. Don't know why in this or your situation where you are filing schedule C and have W2 income, why not use section 179 loss against your W2 income?
‎December 6, 2022
5:16 PM