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Section 179 limitations
I have multiple businesses so am using the Section 179 summary form. The income limitation comes in as 36,673 on line 11, my Section 179 totals 27,228. As I review, an error comes up that I am above my income limitation. I reviewed this with 2 accountants and they say this looks incorrect. Is there a glitch in the program or am I not filling in some area correctly? Please advise.
‎October 21, 2019
9:07 PM