n June, 2020, Tom acquired and placed in service business equipment costing $2,625,000. The equipment is classified as 7-year property. No other property acquisitions are made during the year. Tom elects to expense the maximum allowed under section 179 and will carry forward any current unused section 179 expense. He did not claim any bonus depreciation. Toms taxable income before the section 179 allowable amount and depreciation is $530,000. Compute Toms total depreciation deduction for the year. What is the amount of carry forward for the election to expense?