The § 179 deduction can exceed $25,000 in 2014 if the taxpayer had a § 179 amount which exceeded the taxable income limitation in the prior year.

Question

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The § 179 amount eligible for expensing in a carryforward year is limited to the lesser of (1)the statutory dollar amount ($25,000 in 2014)reduced by the cost of § 179 property placed in service in excess of $200,000 in the carryforward year or (2)the business income limitation in the carryforward year.

The § 179 Deduction Can Exceed $25,000 in 2014 If