@BillyDB wrote:
One is that the full amount received is limited by my basis in the SubS.
The other is that I wish to defer my use of any section 179 until a future tax year.
Are ALL of your losses, deductions and Section 179 not allowed due to Basis? Or are some allowed?
As Mike said, it is not an option to voluntarily not use Section 179 if you are allowed to use it. The election to use it has already been made on the corporate return and you can't un-elect that or delay it on your Individual return if you are allowed to use it.
