Sec179 Tax Benefits Are Recaptured If at Any Time an Asset

question 34

True/False

Sec.179 tax benefits are recaptured if at any time an asset is converted to personal use.

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Definitions:

Republicans

A political party in the United States advocating for conservative policies, including limited government, free-market capitalism, and traditional social values.

Radical Democrats

A faction within the Democratic Party, or a reference to individuals advocating for profound political, economic, or social reforms.

Direct Action

A strategy of political activism that seeks immediate remedy to perceived injustices, often through methods that bypass traditional channels like negotiation or legislation, including strikes, sit-ins, or blockades.