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Section 179 of the internal revenue code allows taxpayers to expense qualified property.
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Section 179 deduction amounts that exceed your net business income can be carried over and used physical property such as furniture, equipment, and most computer software qualify for section 179.
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The section 179 deduction applies to tangible personal property such as machinery and equipment purchased for use in a trade or business, and if the taxpayer elects, qualified real property.
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