In 2018, Gail had a § 179 deduction carryover of $30,000.In 2019, she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2019 is $140,000.Determine Gail's § 179 deduction for 2019.

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The Answer of In 2018, Gail had a § 179 deduction carryover of $30,000.In 2019, she elected § 179 for an asset acquired at a cost of $115,000.Gail's § 179 business income limitation for 2019 is $140,000.Determine Gail's § 179 deduction for 2019.

In 2018, Gail Had a § 179 Deduction Carryover of $30,000.In