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posted Apr 14, 2025 5:39:03 PM

why are assets logged and shown in Business Asset Summary as 179 not being counted in tally for assets in expense category, 2024 $0.00 yet over $2000 were recorded?

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1 Replies
Expert Alumni
Apr 16, 2025 6:46:14 AM

If you claimed a Section 179 deduction for any new assets, the amount of that depreciation should appear under your Business Expenses >> Assets and Depreciation in the Depreciation column.

 

This expense also appears on Schedule C Line 13 and on the Depreciation and Amortization Report in the Section 179 column.

 

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