Question
For the past several years, Sarah had owned a construction engineering and surveying business in San Diego, California and she has been operating it as
For the past several years, Sarah had owned a construction engineering and surveying business in San Diego, California and she has been operating it as a sole proprietorship. Ordinarily she lives in Los Angeles, but she has been going back and forth in order to manage her business. In 2020, she has had quite a successful year and as a result, her taxable income was $129,000 before considering any 179 deduction. Sarah spent $2,690,000 on new equipment in the current year. How much is her 179 expense deduction carryforward?Round your answer to the nearest dollar.
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