In 2016, Gail had a § 179 deduction carryover of $30,000. In 2017, she elected § 179 for an asset acquired at a cost of $115,000. Gail's § 179 business income limitation for 2017 is $140,000. Determine Gail's § 179 deduction for 2017.
A)$25,000
B)$115,000
C)$130,000
D)$140,000
E)None of the above

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The Answer of In 2016, Gail had a § 179 deduction carryover of $30,000. In 2017, she elected § 179 for an asset acquired at a cost of $115,000. Gail's § 179 business income limitation for 2017 is $140,000. Determine Gail's § 179 deduction for 2017.
A)$25,000
B)$115,000
C)$130,000
D)$140,000
E)None of the above

In 2016, Gail Had a § 179 Deduction Carryover of $30,000