Land and land improvements do not qualify as section 179 property. Land improvements include swimming pools, paved parking areas, wharves, docks, bridges, and fences. To qualify for a section 179 deduction, your asset must be: Physical property such as furniture, equipment, and most computer software qualify for section 179. Intangible assets …
What expenses qualify for section 179? Section 179 is for business income, not personal income. If you personally bought a piece of equipment last year, that doesn’t count. Section 179 applies to a broad range of business-related property. Below are the most common categories that typically qualify, so long as all other requirements are met.
