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Section 179 full depreciation in first year, but TT keeps including 168(k)(7) Special Depreciation Allowance Election form
I have finished preparing my taxes and am ready to file, but Turbotax keeps including the Special Depreciation Allowance Elections under IRC Section 168(k)(7) form when I preview the returns prior to filing. I used section 179 for 100% depreciation of the two items I purchased during the 2024 tax year. The best I can understand is that the election form should only be included if I am not taking 100% 179 depreciation. Any help out there? Thank you.
‎April 7, 2025
12:53 PM