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Determine Gail?s ?179 deduction for 2013

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solution


Question

In 2012, Gail had a ?179 deduction carryover of $30,000. In 2013, she elected ?179 for an asset acquired at a cost of $115,000. Gail?s ?179 business income limitation for 2013 is $140,000. Determine Gail?s ?179 deduction for 2013.

 

Paper#20783 | Written in 18-Jul-2015

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