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Section 179 Expense Limitations?

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    #1

    Section 179 Expense Limitations?

    Can a person expense through the Section 179 more than he has profit for as long as he has W-2 earnings?
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    #2
    Yes - W-2 earnings count.

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      #3
      Does the W-2 have to be the business owner's W-2? Or can it be any W-2 on a joint return?
      This post is for discussion purposes only and should be verified with other sources before actual use.

      Many times I post additional info on the post, Click on "message board" for updated content.

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        #4
        Originally posted by BOB W View Post
        Does the W-2 have to be the business owner's W-2? Or can it be any W-2 on a joint return?
        Yes, it can be combine W-2 on joint return.
        Part of instruction for line 11 Form 4562

        If you are married filing a joint
        return, combine the total taxable incomes
        for you and your spouse.

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