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TURBOTAX BUSINESS FORM 1065 SECTION 179 DEDUCTION
TurboTax Business form 1065, when entering a depreciable asset that qualifies for a Section 179 deduction. I have entered the asset, the net income prior to entering the asset is $18,642. The asset value is $7,100. When I entered the asset and tried to take the whole $7,100.00 deduction Turbo Tax business only allows me to tax $38.00, it is saying on the depreciation screen that is my net profit. The Net Profit on all the other forms including the K-1 says my net income is $18,642.00. I believe there is a bug in the product.
Does anyone know how to report a bug to Intuit? After 5 phone calls to their live help (only get 1040 people) I am at a loss of how to contact Intuit and have them correct.
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‎January 23, 2022
5:02 PM