In 2018, gail had a § 179 deduction carryover of $30,000. in 2019, she elected § 179 for an asset acquired at a cost of $115,000. gail's § 179 business income limitation for 2019 is $140,000. determine gail's § 179 deduction for 2019.

The answer is: Gail's § 179 deduction for 2019 is $145,000

Explanation:

§ 179 of the IRS Code, allows taxpayer to either:

If Gail had a § 179 deduction carryover of $30,000 and then she acquired an asset for $115,000, her total § 179 deduction for 2019 is $30,000 + $115,000 = $145,000

i'm pretty sure the answer is 60.