Question: In general, a section 1 7 9 deduction may not exceed total taxable business income. This year, ABC partnership claimed a section 1 7 9

In general, a section 179 deduction may not exceed total taxable business income. This year, ABC partnership claimed a section 179 deduction for $20000 of new equipment. Total tax bulb business income that the partnership was 130000 crazy is a general partner and ABC partnership. Her share of the sections. 179 deduction according to her schedule. Kay is 8000 however, due to losses from other businesses, total taxable business income ungraces, individual return as 0. How does grace treat her share of the section 179 to die? Action from the abc partnership

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