California C-corporation has $15,000 of Section 179 carryover from 2016 to 2017. In 2017, they purchased $250,000 of Section 179 equipment. Therefore, they are not able to claim any Section 179 on the 2017 purchases. However, I believe their $15,000 carryover should still be allowed.
Do you agree?
I am using Lacerte and cannot figure out how to make this happen. Any help?