Section 179 allows eligible businesses to deduct the full purchase price of qualifying equipment in the year it was put into service. This item addresses how S corporations and partnerships that have a Sec.179 recapture event should report the event to their owners. The Elect Section 179 window displays all of the client's assets that were placed in service in the current year and are eligible for section 179. This Drake Tax article discusses entries that are available for 179 expenses, limits, and worksheets. Section 179 of the tax code allows business taxpayers to deduct the cost of certain property as an expense when the property is first placed in service.