Section 179 allows taxpayers to immediately expense up to $500,000 (for 2013),subject to limitations,of the cost of real and personal property placed into service in a trade or business.

Question

Quizplus · Accepted Answer

Section 179 allows taxpayers to immediately expense up to $500,000 of personal property, but real property is generally not eligible for Section 179 expensing.

Section 179 Allows Taxpayers to Immediately Expense Up to $500,000