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Do I report assets expensed under Section 179 of the Internal Revenue Code?

April 26, 2017assets code expensed Internal report revenue section

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Do I report assets expensed under Section 179 of the Internal Revenue Code?

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Yes, all assets must be reported even if the asset was expensed under Section 179 of the Internal Revenue Code or under your accounting policies. All costs reported must include freight, sales tax and installation.