Section 1231 Gain: What It Is and How It's Taxed
Warren Team
Continue learning
Related articles
Compare side by side
Key terms
- Room and BoardThe combined cost of housing and meal plans at a college or university, which is a significant portion of the overall cost of attendance. Room and board costs vary depending on whether you live on campus, off campus, or at home, and the type of meal plan you select. Many colleges require first-year students to live on campus and purchase a meal plan.
- Section 179 DeductionA tax provision allowing businesses to deduct the full purchase price of qualifying equipment and software in the year it is placed in service, rather than depreciating it over multiple years. Subject to annual dollar limits and business income limitations.
Get your first personalized plan in minutes
Free to start, no credit card required. Warren reads your accounts, it never moves money.