tanpictures
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Section 179 - Turbo Tax flags Section 179 limit of $25000

Hi,

 

I completed my federal and California tax but Turbo Tax keeps flagging that my Section 179 total elected cost exceed $25000 for form 3885A  Worksheet line 8 . I believe that's an incorrect flag as I'm way within the federal limit on form 4562 and if it's larger than $25000,  form 3885A worksheet line 9 is to take the smaller value between line 5 and line 8 which would be $25000.

 

Am I incorrect or is there a bug in Turbo Tax 2023?

 

I'm stuck now because Turbo won't e-file because of the above.

 

Please help.

 

Thanks

Daniel