Brad is a shareholder and full-time employee of an S corporation. During 2021, he earns a $50,000 salary from the S corporation and is allocated $12,000 as his share of its net operating loss. In addition, Brad owns a limited partnership interest from which he earns $12,000 during 2021. Kanika, Brad's wife, operates a small business as a sole proprietorship. During 2021, she spends $65,000 on equipment for use in her business, which has a taxable income of $17,000 before the Section 179 deduction.
a. Assuming that Brad and Kanika elect to expense the maximum amount under Section 179, what is the allowable deduction for 2021?

b. Assume that Brad is allocated $12,000 in Section 179 expense from the S corporation for 2021 (Typo-Should be 2022) and Kanika spends an additional $14,000 on equipment for use in her business. Also, assume that their taxable active business income is $35,000 for 2021 (Typo-Should be 2022). Assuming the taxpayer elects to expense the maximum amount under section 179, what is the allowable deduction for 2021 (Typo-Should be 2022) and, if applicable, any carryforward?