jamcam20
New Member

Allocating Section 179

Hi, I keep getting an error saying "allowable section 179 deduction for all activities is limited to zero.  Currently, all your activities total $42, 089.00.  You must adjust your section 179 deduction by -$42, 085.00 on one or more activities.  This is for Schedule C Faming.  But we also have $716.00 allocated under Schedule C Barber.  We have not used section 179 in any previous tax years, this will be the first year.  I have spoken to a live representative who seemed to not know the answer, even after looking at my screen herself.  When I go to "Federal Review" it shows form 4562, line 12 is in error and I have no idea how to fix this.  Can someone please help me!!!