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Any § 179 Expense Amount That Is Carried Forward Is

question 72

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


Definitions:

Family Relationships

Connections by blood, marriage, or adoption that link individuals together in various roles and interactions within a family structure.

Family Hero

A family role where a member takes on responsibilities to compensate for challenges or deficiencies within the family, often perceived as exemplary or overachieving.

Chemically Dependent

A condition where an individual becomes physically or psychologically reliant on substances such as drugs or alcohol.

Chemical Dependency

A condition characterized by the compulsive use of controlled substances or addiction to alcohol or drugs, leading to significant impairment or distress.

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