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.

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Definitions:

Collaboration

The process of two or more people, organizations, or entities working together to complete a task or achieve a goal.

Organizational Cultures

The collection of values, expectations, and practices that guide and inform the actions of all team members within an organization.

Strategic Alliances

Agreements between businesses to pursue shared objectives while remaining independent organizations.

La Piana Consulting

A consulting firm specializing in strategic solutions for nonprofits and foundations.