Question: - Nicholas owns a computer service and operates it as a sole proprietorship. In 2022 , taxable income is $147,000 before considering any section 179

- Nicholas owns a computer service and operates it as a

- Nicholas owns a computer service and operates it as a sole proprietorship. In 2022 , taxable income is $147,000 before considering any section 179 deduction. Nicholas spends $2,960,000 on new equipment. considering the 2022NOL carryover. Determine Nicholas' section 179 deduction carryforward and married couple's NOL carryover (if any) that they can take to 2024. $260,000 and $5,000 $147,000 and $3,000 $147,000 and $8,000 $673,000 and $0 $673,000 and $5,000 $260,000 and $2,000

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