what is a section 179 carryover
Section 179 Expense Carryover. Use this method only if you have any Section 179 expense carried over from prior tax years due to the taxable income limitation. Enter the carryover amount in the Section 179 expense box.The amount carries to the Carryover of disallowed deduction from 2010 line of Form 4562.NOTE: The prior year Section 179 carryover is subject to the expense limitation, the cost of property limit, and the current year taxable income limitation.he amount carries to the Carryover of disallowed deduction from 2010 line of Form 4562. NOTE: The prior year Section 179 carryover is subject to the expense limitation, the cost of property limit, and the current year taxable income limitation.