To qualify for the immediate expensing election under Section 179, eligible property must generally be tangible real property used in a trade or business and be eligible for MACRS.

Name: To qualify for the immediate expensing election under Section 179, eligible property must generally be tangible real property used in a trade or business and be eligible for MACRS.
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Property must be tangible personal property to qualify for immediate expensing.

To Qualify for the Immediate Expensing Election Under Section 179