Any Section 179 deduction that is not allowed currently due to the taxable income limitation may be carried over and deducted in future years.
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Q5: Sec.179 tax benefits are recaptured if at
Q6: A calendar-year taxpayer places in service one
Q7: Section 179 allows taxpayers to immediately expense
Q8: On its tax return,a corporation will use
Q9: If at least 50% of the aggregate
Q11: In computing MACRS depreciation in the year
Q12: The Section 179 expensing election is available
Q13: The basis of an asset must be
Q14: Intangible assets are subject to MACRS depreciation.
Q15: Under the MACRS rules,salvage value is not
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