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The section 179 deduction is generally limited to an annual $1,000,000 limitation (which is indexed for inflation). The limit may only be exceeded if the
The section 179 deduction is generally limited to an annual $1,000,000 limitation (which is indexed for inflation). The limit may only be exceeded if the amount was attributable to the carryover of the section 179 deduction from the prior year which exceeded the business income limitation in the prior year. a. True b. False
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