Originally Posted by Jameson
What is this software is to manage my dental practice? You would not buy it at Best Buy but a vendor that sells this specific software.
As you know, Sec. 179 doesn’t increase the total amount you can deduct, but it allows you to get your entire depreciation deduction in one year,first-year expensing or Section 179 expensing, when you placed it to your actual biz use; Under Sec 179, you can deduct the cost of tangible personal property ,new or used, that you buy for your biz if the IRS has determined that the property will last more than 1 year. Although it’s not really tangible property, your biz use computer software can also be deducted under Sec 179.