ptheland: (in a moment of pompous authority)In an S corp, the sec 179 deduction is passed through to the shareholders. It is at the shareholder level where the net income limitation is appliedhghcpa: (carefully bringing him back to earth)IIRC, the 179 limitation as it relates to a net loss is applied at the entity level.ptheland:Darn memory. I've got to get that fixed. It applies at both the entity AND the shareholder level. Thanks for making me look it up.--Peter
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