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
You are not able to take the Section 179 Expense Deduction on property purchased before 2020. This is true even if 2020 is the first year you used the property for business purposes. For example, if you purchase a computer in 2019 for personal use, but then converted it to a business use computer in 2020, no Section 179 Expense Deduction is allowed.

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