Section 179: buy items one year, sell them the next year, repeat?
Can I take advantage of Section 179 by purchasing something in one year, selling it the next year while buying a new thing the next year, and repeat each year?
So for example,
- buy property for business in 2018, get Section 179 deduction for 2018 property
- sell 2018 property in 2019, buy new property in 2019, get Section 179 deduction for 2019 property
- sell 2019 property in 2020, buy new property in 2020, get Section 179 deduction for 2020 property
- etc
Is there an advantage in doing that, if allowed?