CFR
- Title 1 - General Provisions
- Title 2 - Grants and Agreements
- Title 3 - The President
- Title 4 - Accounts
- Title 5 - Administrative Personnel
- Title 6 - Domestic Security
- Title 7 - Agriculture
- Title 8 - Aliens and Nationality
- Title 9 - Animals and Animal Products
- Title 10 - Energy
- Title 11 - Federal Elections
- Title 12 - Banks and Banking
- Title 13 - Business Credit and Assistance
- Title 14 - Aeronautics and Space
- Title 15 - Commerce and Foreign Trade
- Title 16 - Commercial Practices
- Title 17 - Commodity and Securities Exchanges
- Title 18 - Conservation of Power and Water Resources
- Title 19 - Customs Duties
- Title 20 - Employees' Benefits
- Title 21 - Food and Drugs
- Title 22 - Foreign Relations
- Title 23 - Highways
- Title 24 - Housing and Urban Development
- Title 25 - Indians
- Title 26 - Internal Revenue
- Title 27 - Alcohol, Tobacco Products and Firearms
- Title 28 - Judicial Administration
- Title 29 - Labor
- Title 30 - Mineral Resources
- Title 31 - Money and Finance: Treasury
- Title 32 - National Defense
- Title 33 - Navigation and Navigable Waters
- Title 34 - Education
- Title 35 - Panama Canal
- Title 36 - Parks, Forests, and Public Property
- Title 37 - Patents, Trademarks, and Copyrights
- Title 38 - Pensions, Bonuses, and Veterans' Relief
- Title 39 - Postal Service
- Title 40 - Protection of Environment
- Title 41 - Public Contracts and Property Management
- Title 42 - Public Health
- Title 43 - Public Lands: Interior
- Title 44 - Emergency Management and Assistance
- Title 45 - Public Welfare
- Title 46 - Shipping
- Title 47 - Telecommunication
- Title 48 - Federal Acquisition Regulations System
- Title 49 - Transportation
- Title 50 - Wildlife and Fisheries
1.179-0—Table of contents for section 179 expensing rules.
This section lists captioned paragraphs contained in §§ 1.179-1 through 1.179-6.
§ 1.179-1Election to Expense Certain Depreciable Assets
(a) In general.
(b) Cost subject to expense.
(c) Proration not required.
(1) In general.
(2) Example.
(d) Partial business use.
(1) In general.
(2) Example.
(3) Additional rules that may apply.
(e) Change in use; recapture.
(1) In general.
(2) Predominant use.
(3) Basis; application with section 1245.
(4) Carryover of disallowed deduction.
(5) Example.
(f) Basis.
(1) In general.
(2) Special rules for partnerships and S corporations.
(3) Special rules with respect to trusts and estates which are partners or S corporation shareholders.
(g) Disallowance of the section 38 credit.
(h) Partnerships and S corporations.
(1) In general.
(2) Example.
(i) Leasing of section 179 property.
(1) In general.
(2) Noncorporate lessor.
(j) Application of sections 263 and 263A.
(k) Cross references.
§ 1.179-2Limitations on Amount Subject to Section 179 Election
(a) In general.
(b) Dollar limitation.
(1) In general.
(2) Excess section 179 property.
(3) Application to partnerships.
(i) In general.
(ii) Example.
(iii) Partner's share of section 179 expenses.
(iv) Taxable year.
(v) Example.
(4) S corporations.
(5) Joint returns.
(i) In general.
(ii) Joint returns filed after separate returns.
(iii) Example.
(6) Married individuals filing separately.
(i) In general.
(ii) Example.
(7) Component members of a controlled group.
(i) In general.
(ii) Statement to be filed.
(iii) Revocation.
(c) Taxable income limitation.
(1) In general.
(2) Application to partnerships and partners.
(i) In general.
(ii) Taxable year.
(iii) Example.
(iv) Taxable income of a partnership.
(v) Partner's share of partnership taxable income.
(3) S corporations and S corporation shareholders.
(i) In general.
(ii) Taxable income of an S corporation.
(iii) Shareholder's share of S corporation taxable income.
(4) Taxable income of a corporation other than an S corporation.
(5) Ordering rule for certain circular problems.
(i) In general.
(ii) Example.
(6) Active conduct by the taxpayer of a trade or business.
(i) Trade or business.
(ii) Active conduct.
(iii) Example.
(iv) Employees.
(7) Joint returns.
(i) In general.
(ii) Joint returns filed after separate returns.
(8) Married individuals filing separately.
(d) Examples.
§ 1.179-3Carryover of Disallowed Deduction
(a) In general.
(b) Deduction of carryover of disallowed deduction.
(1) In general.
(2) Cross references.
(c) Unused section 179 expense allowance.
(d) Example.
(e) Recordkeeping requirement and ordering rule.
(f) Dispositions and other transfers of section 179 property.
(1) In general.
(2) Recapture under section 179(d)(10).
(g) Special rules for partnerships and S corporations.
(1) In general.
(2) Basis adjustment.
(3) Dispositions and other transfers of section 179 property by a partnership or an S corporation.
(4) Example.
(h) Special rules for partners and S corporation shareholders.
(1) In general.
(2) Dispositions and other transfers of a partner's interest in a partnership or a shareholder's interest in an S corporation.
(3) Examples.
§ 1.179-4 Definitions
(a) Section 179 property.
(b) Section 38 property.
(c) Purchase.
(d) Cost.
(e) Placed in service.
(f) Controlled group of corporations and component member of controlled group.
§ 1.179-5Time and Manner of Making Election
(a) Election.
(b) Revocation.
(c) Section 179 property placed in service by the taxpayer in a taxable year beginning after 2002 and before 2008.
(d) Election or revocation must not be made in any other manner.
§ 1.179-6 Effective dates.
(a) In general.
(b) Section 179 property placed in service by the taxpayer in a taxable year beginning after 2002 and before 2008.
(c) Application of § 1.179-5(d).
Code of Federal Regulations
Tips