12. Which statement below is incorrect about the 179 deduction? a. The 179 deduction is...

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12. Which statement below is incorrect about the § 179 deduction?

a. The § 179 deduction is allowed even if there is a loss.

b. The § 179 deduction may be reduced based on total purchases.

c. Real property is generally not eligible for the § 179 deduction.

d. Corporations may elect to take the § 179 deduction.

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Essentials Of Taxation Individuals And Business Entities

ISBN: 233160

1st Edition

Authors: Nellen/Young/Raabe/Maloney

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Question Posted: Jul 18, 2024 07:06 AM

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12. Which statement below is incorrect about the 179 deduction? a. The 179 deduction is...

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Essentials Of Taxation Individuals And Business Entities

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