Election to Expense Assets (LO. 5) in 2019, Theo purchases $16,000 of Section 179 property for use in his delivery business. During 2019, he has $12,000 in taxable income from his business. Assume that Theo elects not to claim bonus depreciation a. Theo's maximum Section 179 deduction in 2019 is $ b. Theo's business taxable income for 2020 is $5,000. He purchases $1,000 of new Section 179 property in 2020. ship on.me If Theo took a deduction equal to his 2019 taxable income, his maximum Section 179 deduction for 2020 is $ forward, his maximum Section 179 deduction for 2020 is If Theo has a carry 05 2nd Jation.pdf Micros Draft