Yes, that's correct. This disallowed deduction amount is shown on line 13 of Form 4562. You may be able to use the carryover amount to determine your section 179 deduction for the 2022 tax year. If you can use the carryover amount, enter that amount on line 10 of your Form 4562.
Section 179 allows for accelerated depreciation on certain types of business property. It is an option for businesses that decide to expense an item in a given year rather than to capitalize the item over its depreciated life.
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