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:

Authorization

The official permission or power to do something, often through a formal process or document.

Global Corporations

Large business entities that operate in multiple countries around the world, transcending national borders.

Direct Foreign Investment

An investment by an individual or company in one country in business interests located in another country, often by buying shares or establishing operations.

Internationalization

Refers to the process of designing products, services, and strategies in a way that they can be easily adapted to suit different countries and cultures.