Any § 179 Expense Amount That Is Carried Forward Is

question 72

True/False

Any § 179 expense amount that is carried forward is subject to the business income limitation in the carryforward year.

---

Definitions:

Friendship Group

A social group formed in the workplace or other contexts based on personal relations and mutual interests among its members.

Esteem

Relates to the respect, admiration, and value an individual feels or is accorded by others, contributing to their self-worth and confidence.

Personal Security

Concerns the sense of safety and stability an individual feels in their personal life, encompassing both physical and emotional aspects.

Formal Group

A group formed intentionally with a specific purpose and structure, often within an organizational context, such as a work team or committee.