Treasury Regulations, Subchapter A, Sec. 1.179-4T
From TaxAlmanac
Sec. 1.179-4T Definitions (temporary)
The following definitions apply for purposes of section 179, §§1.179–1 through 1.179–6, and §1.179–2T, 5T, and 6T:
(a) Section 179 property. The term section 179 property means any tangible property described in section 179(d)(1) that is acquired by purchase for use in the active conduct of the taxpayer's trade or business (as described in §1.179–2(c)(6)). For taxable years beginning after 2002 and before 2006, the term section 179 property includes computer software described in section 179(d)(1) that is placed in service by the taxpayer in a taxable year beginning after 2002 and before 2006 and is acquired by purchase for use in the active conduct of the taxpayer's trade or business (as described in §1.179–2(c)(6)). For purposes of this paragraph (a), the term trade or business has the same meaning as in section 162 and the regulations thereunder.
(b) through (f) [Reserved] For further guidance, see §1.179–4(b) through (f).
[T.D. 9146, 69 FR 46984, Aug. 4, 2004]
