I am a new business owner as of 2019, and have invested $150,000 in equipment, vans, machines etc. and will show a sizable loss this year.
Unrelated to this business I would like to sell some of my stock holdings but will have $200,000 in capital gains, can I use my business losses by utilizing the accelerated 179 deductions for that equipment?
Essentially reducing my stock capital gain income to $50,000 as I carry over the $150,000 loss to my 1040?
Also does it matter what month in 2019 the equipment was purchased.
Thank you
