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Sec 179 SUV Deduction Errors
in 2018 I deducted an $87k Sec 179 SUV. I traded it in Apr 2019 for a similar vehicle. When I work on my 2019 taxes, it imports the 2018 vehicle, and I enter the 2019 vehicle purchase, and edit the 2018 as sold. But an error pops up in smart check that line 7 on the Asset Entry Worksheet Sec 179 expense is too large. It is filled in with the purchase price of the 2018 vehicle that shows up in the 2018 tax return as the Sec 179 deduction.
Any ideas?
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March 11, 2020
11:44 AM