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Is there a way to change line 7 on form 4562? NJ allows for $25,000 of section 179 deduction. TTO gave me an error saying (line 8) cannot exceed line 7.
Line 7 is showing $12,500 but I have no idea where that number came from and I suspect it to be wrong/outdated.
Thanks in advance!
Thanks in advance!
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‎June 27, 2020
1:50 PM