title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Friday, April 06, 2007
 
Section 179 for office condo?


Q:

Subject: appreciate your advice=sec 179

Dear Sir,
 
Greetings to you
I heard of your good name.
 
Appreciate if you can kindly advice me if my purchase of a condo($25,000) for business office can be claimed as sec 179?
 
Thanks


A:

Real estate for offices has never ever been considered eligible for Section 179 expensing. This special deduction has always been pretty much limited to movable business equipment.  For example, a motorhome used as an office would qualify, but a permanent structure would not. 

I have a lot of info on what kids of things do and do not qualify for Section 179 on my website. 

Better still, you should be working with an experienced professional tax advisor.  The fact that you could even consider claiming Section 179 for an office condo makes me very worried that you are going to get yourself into some very deep doo-doo with IRS if you continue to take the reckless and irresponsible path of navigating tax issues on your own.

I hope this helps.  Good luck.

Kerry Kerstetter


Follow-Up:

Thank you for your advice.
I am planning to seek help from a CPA for my tax return
 
Regards

 

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- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 4/06/2007 01:06:00 PM Send this post:

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