- Joined
- Feb 9, 2018
- Messages
- 1
- Reaction score
- 0
- Country
Purchased equipment in 2017 but will not be put into service until 2018. How do I book that and then take a 179 deduction in 2018?
USA Booking 179 to take next year
- Thread starter Shirley Kerns
- Start date
When this happened to me, from one of my clients, I first questioned it. But they provided sufficient reason as to why the asset was not placed in service in the year of acquisition. Thus I posted the purchase to other assets in the year of purchase and then moved it to fixed assets the year it was put in service.