Sec. 179 Expensing and Bonus Depreciation: Beware of Pitfalls

Sec. 179 Expensing and Bonus Depreciation: Beware of Pitfalls If eligible, you can elect to use Section 179 expensing or bonus depreciation to deduct a large portion of the cost (and in some cases the full cost) of eligible property in the year it’s placed in service. Alternatively, you may follow regular depreciation rules and…