Which of the following is not considered a limit on the immediate expensing election of Section 179?
Question:
Which of the following is not considered a limit on the immediate expensing election of Section 179?
a. Fifty percent of qualified improvement property
b. Total Section 179-eligible property acquired in excess of $3,630,000
c. The taxable income of the taxpayer considering all income and deductions except for Section 179 immediate expensing
d. An annual limit of $1,040,000
e. None of the above
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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