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BILL CARR, LOCATED IN MICHIGAN, ACQUIRED 2,920,000 OF QUALIFYING IRC SECTION 179(NOT A SUV) IN 2018. HIS TAXABLE INCOME WAS 65,000. WHAT IS THE MAXIMUM

BILL CARR, LOCATED IN MICHIGAN, ACQUIRED 2,920,000 OF QUALIFYING IRC SECTION 179(NOT A SUV) IN 2018. HIS TAXABLE INCOME WAS 65,000. WHAT IS THE MAXIMUM AMOUNT THAT CAN REDUCE THE TAXABLE INCOME UNDER SECTION 179 RULES IN 2018

580,000

1,000,000

420,000

65,000

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