Section 179 Expense Limitations?

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  • Gene V
    replied
    Originally posted by BOB W
    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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    • BOB W
      replied
      Does the W-2 have to be the business owner's W-2? Or can it be any W-2 on a joint return?

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      • solomon
        replied
        Yes - W-2 earnings count.

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        • zeros
          started a topic Section 179 Expense Limitations?

          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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