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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (3892)	8/5/2001 5:22:45 PM
From: Mark Davis	Respond to of 5810

You seem to be saying my first instinct, not to take liberties with the distribution of capital gains income , was correct. Seemed flakey, but the advice lives at site that will go unmentioned. If I understand you correctly, you're saying that since I have a net capital gain after all deductions, I should go ahead and take the 179. Turbo Tax default behavior was to consider only the Sched C income, omitting Sched D , and disallowing the 179 deduction. This of course can be overridden. Thanks again for your help.