orward? Any § 179 amount in excess of  business income / the asset acquisition cost limitation is carried forward to future taxable years and added to/ deducted from other amounts eligible for expensing. The § 179 amount eligible for expensing in a carryforward year is limited to the greater

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter18: Accounting For Income Taxes
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What is the treatment of a § 179 expensing carryforward?

Any § 179 amount in excess of  business income / the asset acquisition cost limitation is carried forward to future taxable years and added to/ deducted from other amounts eligible for expensing. The § 179 amount eligible for expensing in a carryforward year is limited to the greater / lesser  of (1) the current statutory dollar amount increased / reduced by the cost of § 179 property placed in service in excess of the appropriate acquisition limit in the carryforward year or (2) the business income /  asset acquisition cost limitation in the carryforward year.

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