Question: For 2 0 2 4 , the maximum Section 1 7 9 deduction begins to phase out if the total cost of qualified property exceeds

For 2024, the maximum Section 179 deduction begins to phase out if the total cost of qualified property exceeds what amount?
The cost of a meal at a local restaurant for the taxpayer and two business contacts.
The cost of a guided tour of important city landmarks. The taxpayer accompanied two business contacts in town for a week on the tour.
Be stored electronically.
Clearly reflect income and expenses.
Use the double-entry bookkeeping method.
Use the cash method of accounting.

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