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Find and read Reg. 1.179-2. Then find and read IRC 179. Then find and read the related treatment of this topic on pages

Find and read Reg. § 1.179-2. Then find and read IRC § 179. Then find and read the related treatment of this topic on pages 17-20 of IRS Publication 946. 


a. What do you notice about them (how does their guidance differ)? 

b. Why do you think that occurred? 

c. Which authority controls? 

d. Assess the authoritativeness of each document (or part thereof) you read.

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a I notice that Reg 11792 provides more detailed and specific rules and examples for applying the section 179 deduction such as the definitions of excess section 179 property the application to partne... blur-text-image

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