Back to list
QUESTION DETAIL
Related User
Votes
If I elect a Section 179 deduction for purchasing a new vehicle for business this year, can the write off be carried over into the next year if it is not all applied to this year's income?
ANSWER
The BIDaWIZ Team's Answer:
Yes, any unused Section 179 amount can be carried forward indefinitely and used to offset future year's business income.
