The § 179 deduction can exceed $1,020,000 in 2019 if the taxpayer had a § 179 amount that exceeded the taxable income limitation in the prior year.

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The § 179 deduction limit for 2019 is $1,020,000, and it cannot exceed this amount due to taxable income limitations or carryover amounts from previous years. The deduction is limited to the taxpayer's business income, and any excess amount can be carried over to future years, but the annual limit still applies.

The § 179 Deduction Can Exceed $1,020,000 in 2019 If