Is the 179 expense deduction allowed for partnerships? If so, is 179 an ordinary income item or

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Is the §179 expense deduction allowed for partnerships? If so, is §179 an ordinary income item or a separately stated item? Why?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 06:08 AM

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Is the 179 expense deduction allowed for partnerships? If so, is 179 an ordinary income item or

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Section 179 is not allowed as a deduction for partnership ordinary income It is howe...View the full answer

Fundamentals Of Taxation 2015

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