Can I use the section 179 deductions to offset my own W2 wages for My wife who opened a dental practice (LLC)in December ?

She is an LLC

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Can I use the section 179 deductions to offset my own W2 wages for My wife who opened a dental practice (LLC)in December ?

The Section 179 deduction for assets purchased for the dental practice will only offset income earned by the practice. Any left over deduction will carry forward to offset income from the practice in future years.

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Can I use the section 179 deductions to offset my own W2 wages for My wife who opened a dental practice (LLC)in December ?

The Section 179 deduction for assets purchased for the dental practice will only offset income earned by the practice. Any left over deduction will carry forward to offset income from the practice in future years.