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Old 02-28-2014, 04:05 PM
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question about section 179 deductions for a small home business

My wife has a small home business and has about $1000 in purchases that we would like to take a section 179 deduction on. We have no other property to list. How to we fill out the form 4562? Just part I and Part IV, the summary?

We're deducting mileage on schedule C, do we have to put the vehicle info in form 4562 as well?

Thanks.

-Nathan



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