Tax Section 179 Question
Hello, can i take full advantage of Section 179 if for 2017 tax year if i am filing as a sole proprietor form 1040-schedule C?
The type of entity that your business falls into (Schedule C, Sole Prop) has nothing to do with your eligibility to take the Section 179 deduction. So yes you should be eligible to take it as long as you meet all of the qualifications. Check out our Section 179 tax guide below to see if you qualify:
All the Best-
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.