David rents a small space as his office for $4,000 for the year. He has a limited amount of furniture in the office. David elects to take §179 Expense on all personalty placed in service. He not only does this in 2016, but has consistently done this as long as he has been in business. During 2016, he buys new furniture and places it in service on May 10, 2016. The furniture costs $3,000. Also, he sells furniture that he bought and placed in service on March 15, 2014. He sells the furniture on June 16, 2016. His original basis in the furniture was $4,000 and his amount realized on the sale is $2,000. Could you tell me how this would apply to a tax return?