Section 179 Expensing Subtraction


Section 179 expensing lets businesses deduct the entire cost of certain equipment on their federal tax return in the year of purchase (instead of deducting depreciation over multiple years). For taxable years 2006 through 2019, Minnesota limited this expensing to the amount allowable in 2003, when the federal limits first increased. You may have needed to add back part of your federal deductions for section 179 expensing for these tax years.


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