Take advantage of the Section 179 tax deductions

Now is the perfect time to buy or convert your rental into equipment you own, and get a sizeable tax deduction.

 

Section 179 allows businesses to deduct the full cost of qualifying new and used equipment from your 2019 taxes, up to $1,000,000. The ability to take deductions under Section 179 begins to phase out for total equipment purchases in excess of $2,500,000. Equipment must be purchased and placed into service by December 31, 2019.

Section 179 tax credit calculation

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