TurboTax calculates it. As you enter your asset and if it qualifies for section 179 deduction, you will be able to select that option.
- Type sch c in the search bar and click search.
- Click on Jump to sch c.
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Edit your business.
- At the Your XXX Business screen, scroll down to Business Assets and click start/edit.
- Continue with the onscreen interview and TurboTax will ask you if you qualify to tax the Section 179 deduction.
Additional information:
What is a Section 179 deduction?
