PatriciaV
Expert Alumni

Deductions & credits

As Mike9241 said, you'll need to find where the Section 179 deduction is coming from and remove it. Your TurboTax Live agent should be able to walk you through the steps outlined below, as you've paid for their help.

 

First, go to Schedule C for your spouse's business. (Use the search box in the TurboTax header, type in "schedule c" then click on the jump to schedule c link.)

  1. Under Assets/Depreciation, edit any assets that you added this year
  2. On the page "How do you want to deduct this item?" choose any option other than one that mentions Section 179. You can either spread the cost over several years or claim Special Depreciation this year. 
  3. At the end of each asset, you should see a page with your 2022 expense and a box for "Show Details." Check this box and be sure that there is a zero beside Section 179 at the bottom of the screen.

You'll need to repeat these steps for your farm. But you have a bigger problem if your farming activity has been reported on Schedule C instead of Schedule F (Farming). These schedules are specific for the named activity. Some deductions are allowed for a farm that are not allowed for a business. It's possible that once you fix this issue, you will be able to claim Section 179 for your new farming assets.

 

If your TurboTax Live agent is not able or unwilling to help you, ask for escalation to a manager. You're running out of time to file by the deadline and you'll need help to correct your return.

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