Hello,
I used section 179 expense for the federal return. For the PA return my software is taking state section 179 as well. However the buiness is a start up business that had no income, so the 5,000 in section 179 expense is essentially being lost. I wanted to know if the amount of section 179 expense that does not reduce business income is carry forward to future years. I looked on PA website but couldn't find any help there.
Thanks so much
I used section 179 expense for the federal return. For the PA return my software is taking state section 179 as well. However the buiness is a start up business that had no income, so the 5,000 in section 179 expense is essentially being lost. I wanted to know if the amount of section 179 expense that does not reduce business income is carry forward to future years. I looked on PA website but couldn't find any help there.
Thanks so much
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