Have a Tax Question? Ask a Tax Expert
Hi, my name is Mark. I will be happy to help you with your questions. Please give me a moment to prepare your response.
Parts of this will qualify for section 179 expense treatment. The items that would be included in section 179 expense are kitchen equipment (refrigerator, stove, etc.), work benches, vineyard related equipment (crusher, press, buckets, etc.)
The lighting fixtures and the construction of the barn would not qualify for section 179 treatment. Of course you would need to meet the other qualifications to be able to claim the expense.
I hope you found this information to be beneficial. If this answered your question please take a few moments to rate my response. A rating is needed in order for me to receive credit for helping you today. The rating bar is located at the top of the page – ranging from 1 to 5 stars. If you need me to clarify aspect of my response or if there are additional areas of the question that you would like me to consider please let me know. I would be happy to continue the discussion. It has been my pleasure helping you today.