kobiBear
Level 2
Member profile
- Replies
- Posts
-
Thanks for the reply.Before I created the LLC in 2021, I had some profit from sales over the years but I have not sold anything since the time of formation (I h...
-
Thanks Mike! So to clarify on Form 4562, I simply need to fill out Section II Line 14 with the asset(s)…leave the rest blank?
-
Makes sense. Thanks for the reply!In order to use the deduction, it must be used 50%+ for business. How is this verifiable and quantified in the eyes of the IRS...
Activity Feed for kobiBear
- Posted Re: I purchased an industrial laser printer and have an LLC, however the LLC has not generated any income so I'm thinking of dissolving it. Can I still deduct with Sec 179? on Business & farm. January 12, 2024 1:20 PM
- Posted I purchased an industrial laser printer and have an LLC, however the LLC has not generated any income so I'm thinking of dissolving it. Can I still deduct with Sec 179? on Business & farm. January 12, 2024 11:31 AM
- Cheered I sold Qualified Small Business Stock (QSBS) which is 100% exempt from taxes as per the Section 1202 exclusion. There was no 1099-B for this sale. Where do I report this? for Azaloth. January 23, 2023 9:54 AM
- Posted Re: Section 179 Deduction for Sole Prop LLC & W2 Earner on Deductions & credits. January 26, 2022 4:32 AM
- Posted Section 179 Deduction for Sole Prop LLC & W2 Earner on Deductions & credits. January 25, 2022 1:57 PM
- Cheered Re: Section 179 - Truck purchase for Critter-3. October 21, 2021 10:05 AM
- Posted Re: Section 179 - Truck purchase on Deductions & credits. October 21, 2021 9:16 AM
- Cheered Re: Section 179 - Truck purchase for Critter-3. October 21, 2021 9:16 AM
- Cheered Re: Section 179 - Truck purchase for Anonymous_. October 21, 2021 9:16 AM
- Posted Section 179 - Truck purchase on Deductions & credits. October 21, 2021 8:36 AM