Questions & Answers
What property qualifies for the Section 179 Expense Deduction?
Property eligible for the Section 179 Deduction is usually tangible personal property (usually equipment or office furniture) purchased for use in your business.
Certain depreciable property is NOT eligible for the Section 179 Expense Deduction. This includes:
- Real property (Land and the building on the land)
- Air conditioning and heating units
- Furnishings and rental lodging