The line 8 of Form 4562 is the total elected cost of section 179 deduction. You may have to go back to your entries and check the items depreciated if it was qualified for section 179 deduction. Afterward, you can do a federal review to check for error/s by clicking Federal Review located on the upper right hand side of the screen .
Any single item less that $2,500 can be expense using section 179., and over $2,500 single item must be depreciated over the life of the property.
To qualify for section 179 deduction, your property must be tangible, such as furniture, equipment, computer software, purchased from the store (not at a related party) and was used more than 50% on the business. You can only deduct up to the percentage of business usage.
