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Getting an Error on Asset Entry (smart phone)
I've run the review of my taxes. I'm getting an error "Eligible Sec 179 property has an unacceptable value." I have entered an asset to depreciate (smart phone) with 50% business use. Line 42 on the forms page of the Asset Entry Worksheet is marked Yes. What should I do to correct this error? Should I just expense the item (it is over $250)?
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March 7, 2020
11:11 PM