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re: what are the 2013 rules for section 179 deductions and vehicle depreciation?
Posted on 1/9/13 at 9:25 am to TortiousTiger
Posted on 1/9/13 at 9:25 am to TortiousTiger
quote:
TortiousTiger
Was going to start this thread today.
My main question aside from confirming it was still available is whether 179 is above the line such that it reduces AGI or below the line in which case I can't really use it due to AMT. I would think above the line bc it seems like mostly high earners utilize it, but I can't seem to confirm that with my own research.
1
Posted on 1/9/13 at 7:10 pm to Putty
quote:
179 is above the line?
Above the line is you are self employed, (Sch C or S Corp owner). If you try to deduct it as an employee business expense, below the line.
This post was edited on 1/9/13 at 7:11 pm
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