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SCHEDULE E ASSET QUALIFIES FOR SECT 179 - UNABLE TO DESIGNATE IN SCHEDULE E FORM
I HAVE A SUBSTANTIAL ASSET THAT QUALIFIES FOR SECT 179 ON SCHEDULE E BUT THE FORM ONLY LETS ME SELECT SPECIAL BONUS DEPRECIATION. I HAVE ENOUGH RENTAL INCOME PLUS A SECT 179 CARRYFORWARD TO ALLOW ME TO TAKE 100% SECT 179 DEDUCTION FOR THIS 2024 PURCHASED ASSET. I'M SEEING SOME COMMENTS ABOUT THERE BEING SOME TYPE OF BUG IN TURBO TAX AND THAT IS WHY I CAN'T DO IT. IS THAT TRUE? IF SO, WHAT IS THE WORK AROUND? MOVE MY ENTIRE SCHEDULE E OVER TO SCHEDULE C?
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‎April 12, 2025
4:39 PM