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Author Question: Which of the following statements regarding Sec. 179 is true? (Read 52 times)

azncindy619

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on: Sep 13, 2020
Which of the following statements regarding Sec. 179 is true?
◦ If a taxpayer places in service property costing more than the Sec. 179 ceiling on the amount of property placed in service, the excess can be carried over to subsequent years.
◦ Amounts of the Sec. 179 election in excess of the taxable income limitation are carried forward.
◦ Sec. 179 carryforwards expire after five years.
◦ All of these statements are true.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by azncindy619 on Sep 13, 2020

nixon_s

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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azncindy619

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

debra928

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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