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State tax filing
Hi Kesha,
Thanks for the offer but I just figured out the issue. The $25,000 Sec. 179 CA limit is entirely eliminated when asset purchases exceed $225,000 in a given year, which was the case for us. It would have saved me a lot of time if Turbotax had provided this explanation, but hopefully this information will help anyone else who was confused by this and looks here for an answer.
‎February 12, 2025
4:10 PM