I'm not sure you have provided TT with complete information?
You are calling it Section 179 bonus depreciation; this is not a tax term or option.
These are two different provisions:
- Section 179 which had a limit of $27,000 for 2022
- There is bonus depreciation, which you could have expensed the full amount
You also don't indicate whether you used TT in prior year and everything rolled over, or whether you are inputting the information for the first year in TT.
If you used TT in 2022, you need to go back and see how it was actually handled; look at the depreciation schedules.
Also what is being reflected in the 2023 details for this asset?
I believe once you clean this up, you will be fine.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
