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Section 179 Expense Carryforward

The purpose of this template is to produce a carryforward schedule for IRC Sec. 179 expenses.

Entering Information

All of the information needed to produce the calculations is entered on the Input worksheet. The yellow highlighted cells are calculated fields, and no data should be entered in these cells.  Gray cells are not calculated fields, but data should not be entered in these cells.

 Enter the following information:

  • Year to begin the schedule
  • Section 179 expense carryforward (The amount of previously unused IRC Sec. 179 expense at the beginning of the year, entered as the first year for the schedule to be generated.)
  • Section 179 expense carryforward AMT (The amount of previously unused IRC Sec. 179 expense for purposes of AMT, at the beginning of the year, entered as the first year for the schedule to be generated.)

Input Table

The input table has five columns.  The first and third columns are yellow and should not be completed.  The first column is generated (based on the year input) as the first year for the schedule.  The third column is generated from the amount input in the second column.
  • In the second column of the input table, enter the amount of Section 179 expense generated in the year shown in the first column.
  • In the third column of the input table, enter the amount of Section 179 expense deducted for tax purposes in the year shown in the first column.
  • In the fourth column of the input table, enter the expense deducted for AMT purposes for the year shown in the first column.
Section 179 Expense Carryforward