I have an asset costing less than 2500 that I want to enter and claim it as a section 179. I go to
Business Income And Expenses
Business Assets
Assets Being Depreciatied - I click on Update
Any large purchases - Yes
Did you buy any items costing less than 2500 in 2024 - Yes
Let's see if you can deduct these..... - Yes and Yes
Now let's review each item you bought "Every item I bought was less than 2500" Check continue..
I loop back to the main page - of Business income and expenses - every time I try
The asset is a computer - so I do not want to enter it as Other Miscellaneous Expenses
My wife's business is also on this return, I was able to successfully enter her asset, but not mine. Note, she did have a 4562 the previous year - I did not - maybe that has something to do with it.
