If I take the full special 179 deduction allowed this year on my 100% business expense truck this year, I will have $-57,000 loss. Will this loss carry forward to 2019+.

Forum|Forum|7 years ago
June 1, 2019
6 replies
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MinhT1

Alumni - Intuit

If fact, the 179 deduction is subject to the net business income limit. You can only use the 179 deduction up the amount of your net income. Any excess will be carried over to future years.

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lavender MaryAuthor

Level 2

I have retirement income, so TT allowed me the full deduction for this year.

If I take the full special 179 deduction allowed this year on my 100% business expense truck this year, I will have $-57,000 loss. Will this loss carry forward to 2019+.

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