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Why will the system not allow me to enter the special depreciation allowance deduction?
I am doing my 2020 tax return and I am trying to add the special depreciation of an asset that was entered on my 2019 return, but there is no section to do so. It only allows me to enter the 179 deduction, but the amount is not under that section on my 2019 return. The total value was roughly $80k, and roughly $60k was entered under the spec. dep. all. ded. section.
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‎February 27, 2021
3:25 PM