In Turbotax for Business 2018, I added two business assets and specified section 179 amounts for each of them. I am within the annual limits for the Section 179 deduction and I have sufficient revenue, but Turbotax shows the deduction amount to be zero, even though it should be $791. Can someone please tell me how to correct this?
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@Tony-Sneed wrote:Can someone please tell me how to correct this?
There is most likely nothing to correct. Enter Forms Mode and take a look at your K-1(s).
Don't see what the issue is here. I"m seeing a SEC 179 deduction of $791. But there is zero for the completely separate special depreciation allowance which is totally different from SEC179.
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