EC Nebraska | 1234 - 10/2/2015 06:59
As per getting into trouble with section 179 due to lower farm incomes. How's that work? You've taken the depreciation when your farm income was high, now you don't have the income so you don't need the depreciation. Or am I missing something?
Farmers get in trouble when they take 179 depreciation on financed equipment. Then they wind up with payments to make and no more deduction.
I wonder how much of that really happens. Does anyone here do that?
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Any word on sec 179?
