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

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Which statement below is incorrect about the Section 179 deduction?

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

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

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

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

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

ISBN: 9780357109175

23rd Edition

Authors: Annette Nellen, James C. Young, William A. Raabe, David M. Maloney

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Question Posted: Dec 13, 2019 10:21 AM

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

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South-Western Federal Taxation 2020 Essentials Of Taxation Individuals And Business Entities

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