To Qualify for the Immediate Expensing Election Under Section 179

question 55

True/False

To qualify for the immediate expensing election under Section 179, eligible property must generally be tangible real property used in a trade or business and be eligible for MACRS.

---

Definitions:

Death Certificate

An official document issued by a government that declares the date, location, and cause of a person's death.

Autopsy

A post-mortem examination to discover the cause of death or the extent of disease.

Funeral Arrangements

The planning and organizing of services and ceremonies following a person's death, including burial or cremation preferences.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against attacks by foreign invaders, such as viruses and bacteria.