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

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Which of the following is not considered a limit on the immediate expensing election of Section 179?
a. Fifty percent of qualified improvement property
b. Total Section 179-eligible property acquired in excess of $3,630,000
c. The taxable income of the taxpayer considering all income and deductions except for Section 179 immediate expensing
d. An annual limit of $1,040,000
e. None of the above

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Related Book For  answer-question

Income Tax Fundamentals 2021

ISBN: 9780357141366

39th Edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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