section179

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This topic contains 2 replies, has 3 voices, and was last updated by  Sachin Khanna 1 month, 2 weeks ago.

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  • #3350

    plasticfish99
    Participant

    what happens to section 179 equipment taken in 2018 and the next year you are not self-employed but become a w-2 employee.need to recapture depreciation or wait n see if I go back to being self-employed

    #3416

    snargle
    Participant

    Are you asking about recapturing a depreciation deduction, or the Section 179 deduction? Or, maybe, both…?

    I think the critical factor would be “not used predominantly in a trade or business.” Somebody else can look up what that means!

    • This reply was modified 2 months, 4 weeks ago by  snargle.
    #3850

    Sachin Khanna
    Participant

    I am asking about the Section 179 deduction

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