software

Collapse
X
Collapse
 
  • Page of 1
  • Time
  • Show
Clear All
new posts
Previous template Next
  • lbervin
    Junior Member
    • Mar 2006
    • 4
    #1

    software

    I have a client that is a architect and he paid $ 8000.00 for a CADD software upgrade. I was wondering if this software qualifies for Section 179. If not how should this be handle. Thanks in advance.
    Tags: None
    • rosieea
      Senior Member
      • Jan 2006
      • 270
      #2
      If the software is purchased separately and is readily available for sale to the general public, it is eligible for 179 expensing, as long as it is purchased prior to Jan 1, 2008. See Rev Proc 2002-50.

        Comment

        Previous template Next

        Disclaimer

        Collapse

        This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

        Working...