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Business, 11.11.2019 20:31 ajl05

Tor f the 179 deduction can exceed 1,020,000 in 2019 if the taxpayer has a 179 amount that exceeded the taxable income limitation in the prior year

2: alicia was involved in an automobile accident in 2019. her car was used 60% for business and 40% for personal use. the car had originally cost $40,000. at the time of the accident, the car was worth $20,000 and alicia had taken $8,000 of depreciation. the car was totally destroyed and alicia had let her car insurance expire. if alicia’s agi is $50,000 (before considering the loss), determine her itemized deduction for the casualty loss. a: $34,000; $0 b: $50,000; $0 c: $34,000; $4,500 d: $26,000; $5,700 e: none of these

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Tor f the 179 deduction can exceed 1,020,000 in 2019 if the taxpayer has a 179 amount that exceeded...
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