that each yea of MACRS in eachd p's address is 53 Easyon b. $ Nick, eral and any, MoveOn, as a veOn placed into mediate expensing and pined with another payn part With tax MACRS deduction will be $200,000 (to simplify the calculation Draft a letter to the partnership, evaluating the allocation of M three years under Reg. SS 1.704-1 and -2. The partnership's adde Ave., Smyrna, GA 30082. Do not address the "substantial" test, Research Problem 3. Andy has operated his moving company. Mou proprietorship for several years. In the current tax year, MoveOn place $700,000 of real property improvements eligible for immediate exo $ 179 (but not eligible for bonus depreciation). Andy also joined with a mover to form and operate a storage partnership. The Attic LLC. Andy halal capital and profits interest in The Attic. This year, The Attic purchased and placed into service $2,900,000 of proper gible for expensing under $ 179 (and not eligible for bonus depreciation). And hy $800,000 of taxable income from MoveOn and a $750,000 share of ordinary income from his 90% ownership of The Attic, both before considering any $ 179 expense Assuming that Andy wants to maximize his current deductions (without sich future deductions), how much can he elect to deduct under $ 179. How are a remaining expenditures treated? Note: For Simplification, disregard inflation adjust ments that may be in effect, and simply use the information shown in the Code. voliable web- that each yea of MACRS in eachd p's address is 53 Easyon b. $ Nick, eral and any, MoveOn, as a veOn placed into mediate expensing and pined with another payn part With tax MACRS deduction will be $200,000 (to simplify the calculation Draft a letter to the partnership, evaluating the allocation of M three years under Reg. SS 1.704-1 and -2. The partnership's adde Ave., Smyrna, GA 30082. Do not address the "substantial" test, Research Problem 3. Andy has operated his moving company. Mou proprietorship for several years. In the current tax year, MoveOn place $700,000 of real property improvements eligible for immediate exo $ 179 (but not eligible for bonus depreciation). Andy also joined with a mover to form and operate a storage partnership. The Attic LLC. Andy halal capital and profits interest in The Attic. This year, The Attic purchased and placed into service $2,900,000 of proper gible for expensing under $ 179 (and not eligible for bonus depreciation). And hy $800,000 of taxable income from MoveOn and a $750,000 share of ordinary income from his 90% ownership of The Attic, both before considering any $ 179 expense Assuming that Andy wants to maximize his current deductions (without sich future deductions), how much can he elect to deduct under $ 179. How are a remaining expenditures treated? Note: For Simplification, disregard inflation adjust ments that may be in effect, and simply use the information shown in the Code. voliable web