Fit Small Business: Get Your Business Into Shape! › Forums › Ask a Question › Hi Crystalynn. Thanks for your website, I’m getting a lot of useful info from it › Reply To: Hi Crystalynn. Thanks for your website, I’m getting a lot of useful info from it
Hey Tom! So glad you are getting a lot out of reading our articles. Don’t laugh, but I actually had to google “skid steer loader” to see what the heck that is…lol At any rate, from the description it would fall under machinery and equipment for tax purposes. To see how much you can deduct under Section 179, you will need to complete IRS Form 4562. You can learn more about what kind of property qualifies for the Section 179 deduction in our Section 179 guide here:https://fitsmallbusiness.com/section-179-deduction/.
Thanks so much for reading!
All the Best-