Started a website business this year that had $3000 of revenue. We need to upgrade various computer equipment and I look to benefit from using the 179 deduction. I believe the 179 deduction is capped at the amount of revenue earned for the year. So, should I buy $3000 of equipment to fully shelter the $3000 in revenue? (We need to spend at least that amount on new equipment.) This would then give me a loss equal to all my other operating expenses. Question: Is the full amount of the net loss on Sch C available to reduce my ordinary income from salary income reported on my 1040?