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Get IRS 4562 Instructions 2011

Code unless otherwise noted. What s New For tax years beginning in 2011, the maximum section 179 expense deduction is $500,000 ($535,000 for qualified enterprise zone property). This limit is reduced by the amount by which the cost of section 179 property placed in service during the tax year exceeds $2 million. See the instructions for Part I for more information. For tax years beginning after 2011, the definition of section 179 property will no longer include certain qualified re.

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