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Old 07-08-2007, 02:00 AM
SusanB SusanB is offline
Junior Member
 
Join Date: Jan 2007
Posts: 5
What are IRS "Section 179 Depreciation limits for 2007"?

Dear TaxGuru,

What are the maximum section 179 dollar amount limits available for tax year 2007?

Also, please clarify what the rules are for qualifying to take this deduction. Are there any profit restrictions that apply when taking this election?

Thxs.
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