In 2019, Tara acquires and places into service in her business 10-year MACRS property costing $37,000 and 7-year MACRS property costing $ 163,000. Tara elects Sec. 179 expensing for all of the properties' cost. Tara's taxable income (before the Sec. 179 and 50% of self-employment deductions) is $156,000. (Click the icon to view the MACRS half-year rates.) Read the requirements. Requirement a. What amount may Tara deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? The amount Tara may deduct under Sec. 179 for 2019 is The amount Tara can carry over to 2020 is Requirement b. What is Tara's total 2019 depreciation deduction? (Complete all input fields. Enter a "0" for any zero amounts.) Depreciation deduction Sec. 179 expense Bonus depreciation MACRS depreciation Total 2019 depreciation Requirement c. What are the limitations on Tara's ability to use the Sec. 179 carryover in 2020? (Abbreviation used: SE = self-employment.) To use the carryover in 2020, Tara must and also not have the dollar limitation next year be reduced below Requirement d. How would your answers to Parts a, b, and c change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Complete all input fields. Enter a "0" for any zero amounts.) Begin by identifying how your answers to Part a would change in this scenario. In part a, the amount Tara may deduct under Sec. 179 for 2019 is The amount Tara can carry over to 2020 is How would your answers to Part b, change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Enter a "O" for a zero amount.) In part b, her total depreciation deduction would be How would your answers to Part c, change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Enter a "0" for a zero amount.) In part c, the amount of Sec. 179 expense Tara can carry over to 2020 is Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 33.33 5.00 44.45 20.00 32.00 19.20 11.52 3.750 7.219 6.677 14.81 7.41 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 14.29 24.49 17.49 12.49 8.93 8.92 8.93 10.00 18.00 14.40 11.52 9.22 9.50 8.55 7.70 6.93 11.52 5.76 7.37 6.55 6.177 5.713 5.285 4.888 4.522 4.462 4.46 6.23 5.90 5.90 5.91 5.90 5.91 6.55 6.56 Year 10 6.55 4.461 Year 11 3.28 4.462 Year 12 4.461 5.90 5.91 Year 13 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 4.461 Year 19 4.462 Year 20 4.461 Year 21 2.231 In 2019, Tara acquires and places into service in her business 10-year MACRS property costing $37,000 and 7-year MACRS property costing $ 163,000. Tara elects Sec. 179 expensing for all of the properties' cost. Tara's taxable income (before the Sec. 179 and 50% of self-employment deductions) is $156,000. (Click the icon to view the MACRS half-year rates.) Read the requirements. Requirement a. What amount may Tara deduct under Sec. 179 for 2019 for the properties? What amount can she carry over to 2020? The amount Tara may deduct under Sec. 179 for 2019 is The amount Tara can carry over to 2020 is Requirement b. What is Tara's total 2019 depreciation deduction? (Complete all input fields. Enter a "0" for any zero amounts.) Depreciation deduction Sec. 179 expense Bonus depreciation MACRS depreciation Total 2019 depreciation Requirement c. What are the limitations on Tara's ability to use the Sec. 179 carryover in 2020? (Abbreviation used: SE = self-employment.) To use the carryover in 2020, Tara must and also not have the dollar limitation next year be reduced below Requirement d. How would your answers to Parts a, b, and c change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Complete all input fields. Enter a "0" for any zero amounts.) Begin by identifying how your answers to Part a would change in this scenario. In part a, the amount Tara may deduct under Sec. 179 for 2019 is The amount Tara can carry over to 2020 is How would your answers to Part b, change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Enter a "O" for a zero amount.) In part b, her total depreciation deduction would be How would your answers to Part c, change if Tara's 2019 business taxable income (before the Sec. 179 expense and the 50% of self-employment tax deductions) was $266,000 instead of $156,000? (Enter a "0" for a zero amount.) In part c, the amount of Sec. 179 expense Tara can carry over to 2020 is Recovery Year 3-Year 5-Year 7-Year 10-Year 15-Year 20-Year 33.33 5.00 44.45 20.00 32.00 19.20 11.52 3.750 7.219 6.677 14.81 7.41 Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 14.29 24.49 17.49 12.49 8.93 8.92 8.93 10.00 18.00 14.40 11.52 9.22 9.50 8.55 7.70 6.93 11.52 5.76 7.37 6.55 6.177 5.713 5.285 4.888 4.522 4.462 4.46 6.23 5.90 5.90 5.91 5.90 5.91 6.55 6.56 Year 10 6.55 4.461 Year 11 3.28 4.462 Year 12 4.461 5.90 5.91 Year 13 4.462 Year 14 5.90 4.461 Year 15 5.91 4.462 Year 16 2.95 4.461 Year 17 4.462 Year 18 4.461 Year 19 4.462 Year 20 4.461 Year 21 2.231