Question
Jimmy purchases and places in service in 2022 personal property costing $2,780,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation.
Jimmy purchases and places in service in 2022 personal property costing $2,780,000. The taxpayer plans to apply the Sec. 179 deduction, but not bonus depreciation. What is the maximum Sec. 179 deduction that Jimmy can deduct, ignoring any taxable income limitation?
| $2,700,000 | ||
| $0 | ||
| $1,000,000 | ||
| $1,080,000 | ||
| None of the above. |
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Atomic Audit The Costs And Consequences Of US Nuclear Weapons Since 1940
Authors: Stephen I. Schwartz
1st Edition
0815777736, 978-0815777731
