Talk:Section 179 depreciation deduction

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Can this deduction be used when the business is already losing money in order to further that loss? I have a money-losing company, and some large capital gains. If I can offset my gains with my losses in this fashion, then I can go out and spend more money to improve my business at the same time as reducing my tax bill.

PS- this isn't some kind of racket- this is a real company with real sales etc...