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I have entered asset and taking 100% deduction, however Schedule F depreciation line is $0.

In 2019 it worked, this year it doesn't.  I completed the same way.
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2 Replies
ColeenD3
Expert Alumni

I have entered asset and taking 100% deduction, however Schedule F depreciation line is $0.

Where are you looking to see the $0 exactly? Is it a new asset? 

 

What Property Qualifies?

To qualify for the section 179 deduction, your property must meet all the following requirements.

  • It must be eligible property.

  • It must be acquired for business use.

  • It must have been acquired by purchase.

  • It must not be property described later under What Property Does Not Qualify .

For more information, please see Section 179

I have entered asset and taking 100% deduction, however Schedule F depreciation line is $0.

Thank you very much for your quick response.

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