The § 179 Deduction Can Exceed $510,000 in 2017 If

question 44

True/False

The § 179 deduction can exceed $510,000 in 2017 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

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Definitions:

Involved Alcohol

Situations or cases in which alcohol plays a part or is a contributing factor.

Lower Class

A socio-economic group characterized by low income, education, and occupational status.

Class Rank

A measure of how a student's performance compares to others in their class, often used in educational systems to rank students.

Involved Alcohol

A phrase indicating that alcohol was a factor or contributing element in an event or situation, often used in the context of incidents or studies.