Question
Excess 179 - How to Carry Forward and Apply to Future Years
Company X purchases equipment and has excess 179 to carry forward to the next year.
How is this handled in the next year in ProSeries?
Let's say in the next year, the business generates $100k in revenue but had no capital expenditures. Is the 179 going to apply against regular business income? Does it apply automatically when the file is rolled forward to the next year?
