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Business & farm
I don't have my tax forms here, but I will definitely check that. But, if it had only taken the Section 179 depreciation, wouldn't the depreciation amount have only calculated to $10,000 instead of $18,000?
What line would I see the bonus depreciation on? Line 14? Or on a different line?
If I find out that the amounts were filed on the wrong lines on Form 4562, I'm guessing that I would need to amend my filing since the limit for Section 179 is lower than the bonus depreciation and it had been put on the wrong lines?
‎February 24, 2020
12:43 PM