The Section 179 expense deduction is allowed on all depreciable and tangible property used in a trade or business.

Question

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The Section 179 expense deduction is not allowed on all depreciable and tangible property; it is specifically excluded for certain properties like inventory, land, investment property, and buildings, among others. It primarily applies to tangible, depreciable personal property used in the active conduct of a trade or business.

The Section 179 Expense Deduction Is Allowed on All Depreciable