Which of the following is not considered a limit on the immediate expensing election of Section 179?

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a. Fifty percent of qualified improvement property

b. Total Section 179-eligible property acquired in excess of $3,780,000

c. The taxable income of the taxpayer considering all income and deductions except for Section 179 immediate expensing

d. An annual limit of $1,080,000

e. None of the above

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Income Tax Fundamentals 2023

ISBN: 9780357719527

41st Edition

Authors: Gerald E. Whittenburg, Steven Gill

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Question Posted: Feb 28, 2023 06:57 AM

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Which of the following is not considered a limit on the immediate expensing election of Section 179?

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Income Tax Fundamentals 2023

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