Is This Section 179 Property?

My wife is starting a home baking business (LLC). Everywhere
I go to read what qualifies as Section 179 property seems to
simply quote the IRS definitions, especialy "machinery and
equipment".

What I would like to know is whether or not all the baking
equipment, e.g. cake pans, cake decorating equipment and
tools, will be eligible for Section 179 treatment?

Thanks.
Dave

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Reply to
Dave S
Hi all thanks for the sec 179 explanation. You mentioned that a section 179 deduction can not be taken if there is a net loss. But What if it is a Married fileing Joint return, and the other spouse has a regular wage. Can the sec 179 duduction still be taken against the spouse's income ?
Reply to
ss
Yes, unless you hit an uncommon exception. See instructions for line 11, Form 4562. -Mark Bole
Reply to
Mark Bole

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