Section 179 & 6000LBS SUV

[Balsamiq12]

My wife is a real estate agent and will be using the vehicle for more than 50% of the time. Let's say she does not gross more than the deduction, will it offset the W2 income i have ?

[PatriciaV]

Your Section 179 deduction cannot exceed your net business income. When you have more Section 179 than income, the disallowed deduction is carried over to the next year. Only a business loss created by business expenses other than depreciation may offset W-2 income.