ihikaru1
Returning Member

my section 179 deductions

My section 179 deduction is not adding it to accumulated depreciation so the balance sheet is off.

 

The balance sheet on page 4 Schedule L Accumulated depreciation shows $159,317. My section 179 deduction is $23,756.00. This is causing my Assets to be $23,756 higher then my Liabilites. 

My book accumlated depreciation is $183,073 so its off by the exact amount of the 179.

 

Is the asset section of TurboTax not complete and still have updates coming?

 

Jake