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Investors & landlords
@g12196 wrote:Essentially reducing my stock capital gain income to $50,000 as I carry over the $150,000 loss to my 1040?
Section 179(b)(3)(A) provides that a taxpayer’s Section 179 deduction for any taxable year, after application of the Section 179(b)(1) and (2) limitations, is limited to the taxpayer’s taxable income for that taxable year that is derived from the taxpayer’s active conduct of any trade or business during that taxable year.
November 1, 2019
8:49 AM