Hey everyone,
I apologize if this has been posted before but I couldn't find anything when using the search function. I'm currently in final review study mode and am going over both the Becker notes as well as the ninja notes. I'm a little confused as to the differences between what I'm reading in Ninja and what Becker is telling me for section 179 expense deductions.
Becker is telling me the limit is $125,000 of new or used property with the deduction being reduced dollar for dollar by any amount over $500,000.
Ninja Notes are telling me that the limit is $139,000 of new or used property with the deduction being reduced dollar for dollar by any amount over $560,000.
Just looking for some clarity as to what is being tested on the exam. I hope this doesn't break any rules.
Thanks everyone.