Section 179 deduction

LAA · Apr 11, 2012

Anyone know if the ""self constructed"" rule for ag buildings (which basically allows you to deduct the full cost of the building as long as construction was started and at least 10% of the cost was paid in 2011 even if you did not finish construction in 2011) applies under section 179 or only under MACRS and, for 2011 still qualified for 100% bonus depreciation?

Bob Bancroft · Apr 11, 2012

I can't believe you haven't gotten any replies. Sometimes I think if you hit the wrong time of day, you get shoved down the page and missed.
Sorry I can't help. But I would like to hear more. I've never heard of the self constructed rule. It would make sense if you bought a building package and paid for it at once, you could expense it all in the same year.

Section 179 deduction

LAA

Well-known Member

Bob Bancroft

Well-known Member

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